Armstrong Advisory Group Inc. Has $71,000 Holdings in ASML Holding (NASDAQ:ASML)

Armstrong Advisory Group Inc. raised its position in shares of ASML Holding (NASDAQ:ASML) by 68.9% in the fourth quarter, Holdings Channel reports. The firm owned 103 shares of the semiconductor company’s stock after buying an additional 42 shares during the period. Armstrong Advisory Group Inc.’s holdings in ASML were worth $71,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ASML. Fairway Wealth LLC bought a new stake in ASML in the third quarter worth approximately $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC bought a new stake in ASML in the third quarter worth $28,000. Fortitude Family Office LLC increased its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in ASML during the third quarter valued at about $43,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASML. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Performance

NASDAQ ASML opened at $750.28 on Friday. The company’s fifty day moving average is $703.52 and its two-hundred day moving average is $801.32. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market capitalization of $295.18 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 2.30 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. Equities research analysts forecast that ASML Holding will post 20.57 EPS for the current year.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.