Abel Hall LLC Raises Stake in ASML Holding (NASDAQ:ASML)

Abel Hall LLC increased its stake in ASML Holding (NASDAQ:ASML) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612 shares of the semiconductor company’s stock after buying an additional 60 shares during the period. Abel Hall LLC’s holdings in ASML were worth $424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of ASML during the third quarter worth approximately $25,000. Milestone Investment Advisors LLC bought a new position in ASML in the third quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in ASML by 46.9% during the 3rd 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. Albion Financial Group UT raised its position in ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 32 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of ASML in the fourth quarter valued at about $42,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ASML shares. BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Sanford C. Bernstein cut their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $946.60.

ASML Price Performance

NASDAQ:ASML opened at $712.65 on Thursday. The firm’s fifty day moving average is $715.62 and its two-hundred day moving average is $778.53. The firm has a market cap of $280.37 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. Research analysts expect that ASML Holding will post 20.54 EPS for the current year.

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.