Meridian Wealth Management LLC Buys 2,289 Shares of ASML Holding N.V. $ASML

Meridian Wealth Management LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 86.1% during the fourth quarter, Holdings Channel reports. The fund owned 4,949 shares of the semiconductor company’s stock after purchasing an additional 2,289 shares during the period. Meridian Wealth Management LLC’s holdings in ASML were worth $5,294,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in ASML in the third quarter worth $25,000. North Star Investment Management Corp. lifted its position in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 11 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of ASML during the 4th quarter valued at $32,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares in the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in shares of ASML in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Grupo Santander cut shares of ASML to an “underperform” rating in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, April 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Wednesday, April 15th. Finally, Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,504.38.

ASML Stock Performance

Shares of ASML stock opened at $1,565.81 on Tuesday. The stock has a market cap of $615.80 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 1.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,595.31. The firm’s 50-day moving average is $1,403.69 and its 200 day moving average is $1,268.10.

ASML (NASDAQ:ASML) last issued its earnings results on Monday, March 30th. The semiconductor company reported $8.28 earnings per share (EPS) for the quarter. The business had revenue of $10.15 billion during the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. Sell-side analysts anticipate that ASML Holding N.V. will post 37.08 EPS for the current fiscal year.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.