Carmel Capital Management L.L.C. Trims Stock Position in ASML Holding (NASDAQ:ASML)

Carmel Capital Management L.L.C. trimmed its holdings in ASML Holding (NASDAQ:ASML) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,943 shares of the semiconductor company’s stock after selling 808 shares during the quarter. ASML accounts for approximately 3.7% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 11th biggest holding. Carmel Capital Management L.L.C.’s holdings in ASML were worth $9,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Armstrong Advisory Group Inc. raised its position in ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 12 shares in the last quarter. Matrix Private Capital Group LLC grew its stake in shares of ASML by 5.5% during the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 13 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of ASML by 21.2% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 14 shares during the period. Steigerwald Gordon & Koch Inc. increased its holdings in ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 14 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Susquehanna decreased their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Price Performance

ASML stock opened at $746.24 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market cap of $293.59 billion, a P/E ratio of 39.07, a PEG ratio of 2.37 and a beta of 1.47. The company has a 50-day moving average price of $712.16 and a 200 day moving average price of $790.79. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

About ASML

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.