Secure Asset Management LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Secure Asset Management LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 360 shares of the semiconductor company’s stock, valued at approximately $250,000.

Other large investors have also made changes to their positions in the company. Carnegie Investment Counsel grew its position in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after acquiring an additional 868 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in ASML in the fourth quarter worth $1,174,000. Taurus Asset Management LLC acquired a new position in ASML during the third quarter worth $16,994,000. State Street Corp raised its holdings in ASML by 5.2% during the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after buying an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. lifted its position in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ASML shares. JPMorgan Chase & Co. cut their price objective on 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. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Finally, BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $946.60.

ASML Trading Down 1.9 %

ASML stock opened at $732.25 on Friday. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The stock has a market cap of $288.08 billion, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. The business has a 50 day moving average price of $714.70 and a two-hundred day moving average price of $788.08. The company has a quick ratio of 0.84, a current ratio of 1.55 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.