Granite Group Advisors LLC Sells 27 Shares of ASML Holding (NASDAQ:ASML)

Granite Group Advisors LLC cut its position in shares of ASML Holding (NASDAQ:ASML) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 362 shares of the semiconductor company’s stock after selling 27 shares during the period. Granite Group Advisors LLC’s holdings in ASML were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASML. Fisher Asset Management LLC lifted its stake in shares of ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after buying an additional 31,879 shares during the period. Edgewood Management LLC increased its position in shares of ASML by 3.3% in the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after buying an additional 70,776 shares in the last quarter. Van ECK Associates Corp lifted its holdings in ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares in the last quarter. Windacre Partnership LLC raised its holdings in shares of ASML by 4.0% during the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock valued at $553,361,000 after acquiring an additional 25,600 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in ASML by 94,079.7% during the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 1.9 %

ASML stock opened at $732.25 on Monday. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The firm has a market capitalization of $288.08 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The firm has a 50-day moving average price of $714.70 and a two-hundred day moving average price of $786.18. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

Several research firms have recently commented on ASML. BNP Paribas began coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Company raised their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna dropped their price objective 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. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $946.60.

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.