Purus Wealth Management LLC Decreases Stock Position in ASML Holding (NASDAQ:ASML)

Purus Wealth Management LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 298 shares of the semiconductor company’s stock after selling 26 shares during the quarter. Purus Wealth Management LLC’s holdings in ASML were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Resources Management Corp CT ADV bought a new stake in ASML in the 2nd quarter worth about $26,000. Fairway Wealth LLC purchased a new stake in shares of ASML during the 3rd quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML in the third quarter worth approximately $28,000. Fortitude Family Office LLC raised its holdings in shares of ASML by 46.9% during the third 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 last quarter. Finally, Brooklyn Investment Group bought a new position in ASML during the third quarter valued at approximately $43,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ASML. Wells Fargo & Company lifted their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna dropped their target price on 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. Sanford C. Bernstein reduced their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Finally, BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Three research 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. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Performance

ASML opened at $756.33 on Monday. The company has a 50 day simple moving average of $706.71 and a two-hundred day simple moving average of $797.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market cap of $297.56 billion, a P/E ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09.

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.