Smith Salley Wealth Management Has $19.59 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Smith Salley Wealth Management increased its position in ASML Holding (NASDAQ:ASML) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,260 shares of the semiconductor company’s stock after purchasing an additional 7,177 shares during the quarter. ASML makes up 1.3% of Smith Salley Wealth Management’s portfolio, making the stock its 22nd biggest position. Smith Salley Wealth Management’s holdings in ASML were worth $19,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter worth $26,000. Fairway Wealth LLC acquired a new stake in shares of ASML during the third quarter worth about $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC grew its position in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group bought a new stake in ASML during the 3rd quarter worth approximately $43,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASML shares. Susquehanna lowered their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. JPMorgan Chase & Co. dropped their target price 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, BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Price Performance

Shares of NASDAQ:ASML opened at $756.33 on Friday. The firm has a market cap of $297.56 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The firm’s fifty day moving average is $706.71 and its 200-day moving average is $799.04. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

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.