Alpha Cubed Investments LLC Buys 20,651 Shares of ASML Holding (NASDAQ:ASML)

Alpha Cubed Investments LLC boosted its position in ASML Holding (NASDAQ:ASML) by 33.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,564 shares of the semiconductor company’s stock after acquiring an additional 20,651 shares during the quarter. ASML accounts for approximately 2.6% of Alpha Cubed Investments LLC’s portfolio, making the stock its 11th largest holding. Alpha Cubed Investments LLC’s holdings in ASML were worth $56,530,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV purchased a new stake in ASML during the second quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the third quarter valued at about $28,000. Fortitude Family Office LLC increased its holdings in shares of ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the period. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of ASML in the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ:ASML opened at $756.33 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $297.56 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47. The firm’s 50 day moving average price is $706.71 and its 200-day moving average price is $795.37. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ASML shares. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped 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. 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 research report on Friday, October 11th. 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 note on Monday, January 13th. Finally, Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Three 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.com, the company has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Company 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.