Pittenger & Anderson Inc. Sells 825 Shares of ASML Holding N.V. $ASML

Pittenger & Anderson Inc. decreased its position in ASML Holding N.V. (NASDAQ:ASML) by 5.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,475 shares of the semiconductor company’s stock after selling 825 shares during the period. Pittenger & Anderson Inc.’s holdings in ASML were worth $20,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ASML. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the fourth quarter valued at about $26,000. Portus Wealth Advisors LLC bought a new position in ASML during the first quarter worth about $32,000. Resources Management Corp CT ADV raised its stake in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. raised its stake in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML in the 4th quarter valued at about $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML stock traded down $6.93 on Friday, reaching $1,797.32. 1,216,618 shares of the stock were exchanged, compared to its average volume of 1,960,671. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.78 and a current ratio of 1.36. The firm has a market cap of $706.85 billion, a PE ratio of 64.47, a P/E/G ratio of 1.36 and a beta of 1.78. The firm’s 50 day moving average is $1,705.68 and its 200-day moving average is $1,475.73. ASML Holding N.V. has a one year low of $683.48 and a one year high of $1,999.96.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The business had revenue of $10.15 billion for the quarter. As a group, analysts anticipate that ASML Holding N.V. will post 36.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ASML. Susquehanna restated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Wells Fargo & Company increased their price target on ASML from $1,750.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Monday, June 22nd. Barclays restated a “buy” rating on shares of ASML in a research note on Monday, June 29th. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,854.12.

ASML News Summary

Here are the key news stories impacting ASML this week:

• Positive Sentiment: Bernstein raised its price target on ASML and kept an Outperform rating, reinforcing the view that the company remains a long-term winner in advanced chip equipment demand.
• Positive Sentiment: Multiple recent articles argue ASML’s specialized lithography machines make it an essential supplier to AI chip makers, and that pullbacks tied to sector volatility may create buying opportunities. Article Title
• Positive Sentiment: ASML has also been highlighted as a potential beneficiary of renewed strength in semiconductor stocks and AI-related chip demand ahead of earnings. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful increase in actual short positioning, so this does not appear to be a major bearish catalyst.
• Neutral Sentiment: One market note said ASML may beat earnings, but warned that a good report may not be enough to justify the stock’s valuation if guidance or broader chip demand disappoints. Article Title
• Negative Sentiment: Analysts and commentators continue to flag ASML’s lofty valuation, China export curbs, and rising competition as reasons to be cautious heading into results. Article Title
• Negative Sentiment: Recent semiconductor market swings and event-driven selling in Asian chip stocks have added volatility to the group, which can pressure ASML even when its long-term fundamentals remain strong.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.