Smith Salley Wealth Management Sells 3,584 Shares of ASML Holding N.V. $ASML

Smith Salley Wealth Management lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 12.0% in the first quarter, HoldingsChannel reports. The fund owned 26,200 shares of the semiconductor company’s stock after selling 3,584 shares during the period. ASML makes up 1.7% of Smith Salley Wealth Management’s portfolio, making the stock its 15th largest position. Smith Salley Wealth Management’s holdings in ASML were worth $34,606,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the fourth quarter worth $26,000. Resources Management Corp CT ADV boosted its holdings in ASML by 1,150.0% during the fourth 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 during the last quarter. North Star Investment Management Corp. grew its position in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Jessup Wealth Management Inc bought a new position in ASML in the fourth quarter valued at $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in ASML in the 4th quarter valued at $32,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ASML. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Royal Bank Of Canada upped their target price on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,589.62.

Key ASML News

Here are the key news stories impacting ASML this week:

• Negative Sentiment: U.S. officials reportedly questioned whether an ASML EUV machine may have made its way to China, raising the risk of tighter export scrutiny and possible regulatory fallout. US tells ASML it’s concerned one of its chipmaking tools may be in China, Bloomberg News reports
• Negative Sentiment: ASML is facing fresh China export scrutiny after reports that the Trump administration is probing whether an advanced chipmaking tool was diverted to China, keeping geopolitical risk front and center for investors. ASML Faces Fresh China Export Scrutiny
• Neutral Sentiment: ASML has denied the allegations, saying its EUV systems are not in China; while that may limit immediate damage, the dispute still leaves uncertainty around U.S.-China export controls. US tells ASML it is concerned China may have top chip tool, Bloomberg News reports
• Neutral Sentiment: Longer-term optimism remains in place, with analysts still pointing to strong earnings growth and demand trends, and Barclays recently raising its price target on ASML. Here’s Why ASML Holding N.V. (ASML) Is Among the Stocks with Best Earnings Growth for the Next 3 Years

ASML Price Performance

Shares of ASML opened at $1,929.68 on Monday. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $1,594.98 and its 200 day simple moving average is $1,401.52. ASML Holding N.V. has a 1-year low of $683.48 and a 1-year high of $1,942.87. The company has a market cap of $758.90 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 1.55 and a beta of 1.82.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion during the quarter. On average, research analysts forecast that ASML Holding N.V. will post 36.76 earnings per share for the current fiscal year.

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.