Alta Park Capital LP Acquires New Holdings in ASML Holding N.V. $ASML

Alta Park Capital LP purchased a new position in ASML Holding N.V. (NASDAQ:ASML) during the 4th quarter, HoldingsChannel reports. The firm purchased 18,150 shares of the semiconductor company’s stock, valued at approximately $19,418,000. ASML comprises approximately 2.3% of Alta Park Capital LP’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new stake in ASML in the fourth quarter worth about $26,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. raised 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 worth $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML in the fourth quarter worth about $30,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on ASML. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research report on Friday, May 8th. UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, May 20th. Susquehanna reissued a “positive” rating on shares of ASML in a research note on Thursday, April 9th. Royal Bank Of Canada lifted their price target on ASML from $1,625.00 to $1,700.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Finally, DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, April 15th. Four equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,589.63.

ASML Stock Up 3.5%

ASML opened at $1,867.83 on Thursday. The business has a 50 day moving average price of $1,572.34 and a 200 day moving average price of $1,389.44. ASML Holding N.V. has a twelve month low of $683.48 and a twelve month high of $1,938.49. 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 $734.58 billion, a P/E ratio of 67.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.82.

ASML (NASDAQ:ASML) last posted its earnings results 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 firm had revenue of $10.15 billion during the quarter. Research analysts forecast that ASML Holding N.V. will post 36.76 EPS for the current year.

ASML News Roundup

Here are the key news stories impacting ASML this week:

• Positive Sentiment: CEO Christophe Fouquet said AI infrastructure demand remains “enormous,” and that new projects like Elon Musk’s proposed Terafab could create meaningful opportunities for ASML’s EUV systems. ASML CEO Flags Terafab Opportunity as AI Demand Stays Enormous
• Positive Sentiment: In a Bloomberg interview, Fouquet reiterated that AI data-center demand is still exceptionally strong, reinforcing the view that ASML’s advanced lithography tools remain in high demand for next-generation chip production. ASML CEO on AI Demand, Data Centers in Space and Musk’s Terafab
• Positive Sentiment: Investor attention also turned to the idea that ASML may be able to expand EUV output more than previously expected, which could lift medium-term revenue and margins and support bullish analyst targets. ASML jumps as investors refocus on EUV capacity upside and bullish analyst targets
• Positive Sentiment: Media reports that Elon Musk has engaged with ASML about EUV tools for Terafab added to the bullish narrative, since ASML remains the only supplier of these critical machines for advanced AI chipmaking. ASML (NasdaqGS:ASML) Stock Is Back In Focus As Musk Eyes Its EUV Tools

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.