Lake Street Private Wealth LLC lifted its stake in shares of ASML Holding (NASDAQ:ASML – Free Report) by 71.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 433 shares of the semiconductor company’s stock after buying an additional 181 shares during the quarter. Lake Street Private Wealth LLC’s holdings in ASML were worth $300,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in shares of ASML in the 3rd quarter worth approximately $25,000. Resources Management Corp CT ADV acquired a new position in ASML in the second quarter worth $26,000. Milestone Investment Advisors LLC bought a new stake in ASML during the third quarter valued at $28,000. Fortitude Family Office LLC raised its holdings in shares of 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 purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of ASML in the 3rd quarter valued at about $43,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ASML has been the topic of several research reports. Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas assumed coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $955.50.
ASML Stock Up 0.8 %
ASML stock opened at $756.33 on Friday. The company’s 50-day moving average price is $706.71 and its two-hundred day moving average price is $799.04. The stock has a market cap of $297.56 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.
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.
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