Kornitzer Capital Management Inc. KS Sells 1,743 Shares of ASML Holding N.V. $ASML

Kornitzer Capital Management Inc. KS decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 8.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 19,012 shares of the semiconductor company’s stock after selling 1,743 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in ASML were worth $25,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Costello Asset Management INC lifted its holdings in shares of ASML by 100.0% during the first quarter. Costello Asset Management INC now owns 92 shares of the semiconductor company’s stock worth $122,000 after buying an additional 46 shares during the last quarter. Stiles Financial Services Inc increased its position in ASML by 1.4% during the first quarter. Stiles Financial Services Inc now owns 6,217 shares of the semiconductor company’s stock worth $8,211,000 after acquiring an additional 88 shares during the period. Equitable Trust Co. increased its position in ASML by 2.0% during the first quarter. Equitable Trust Co. now owns 15,386 shares of the semiconductor company’s stock worth $20,322,000 after acquiring an additional 296 shares during the period. Whipplewood Advisors LLC raised its stake in ASML by 453.8% during the 1st quarter. Whipplewood Advisors LLC now owns 144 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 118 shares during the last quarter. Finally, Winch Advisory Services LLC raised its stake in ASML by 4.1% during the 1st quarter. Winch Advisory Services LLC now owns 1,108 shares of the semiconductor company’s stock valued at $1,463,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

NASDAQ ASML traded down $6.93 on Friday, reaching $1,797.32. The company’s stock had a trading volume of 1,216,618 shares, compared to its average volume of 1,960,671. ASML Holding N.V. has a 52 week low of $683.48 and a 52 week high of $1,999.96. 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 firm has a market cap of $706.85 billion, a PE ratio of 64.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.78. The business has a 50-day moving average price of $1,705.68 and a 200 day moving average price of $1,475.73.

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

ASML News Roundup

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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ASML. Morningstar cut shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Wells Fargo & Company upped their price target on ASML from $1,750.00 to $2,200.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, Citigroup restated a “buy” rating on shares of ASML in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,854.12.

About ASML

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.