Zweig DiMenna Associates LLC Sells 5,250 Shares of ASML Holding (NASDAQ:ASML)

Zweig DiMenna Associates LLC cut its stake in shares of ASML Holding (NASDAQ:ASML) by 66.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,623 shares of the semiconductor company’s stock after selling 5,250 shares during the period. Zweig DiMenna Associates LLC’s holdings in ASML were worth $1,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ASML. Berbice Capital Management LLC bought a new stake in ASML during the fourth quarter worth $342,000. Veracity Capital LLC raised its stake in shares of ASML by 8.9% during the 4th quarter. Veracity Capital LLC now owns 563 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 46 shares during the period. Secure Asset Management LLC purchased a new position in shares of ASML in the 4th quarter worth about $250,000. Galvin Gaustad & Stein LLC grew its position in ASML by 7,081.1% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 21,615 shares of the semiconductor company’s stock valued at $14,981,000 after buying an additional 21,314 shares during the period. Finally, Goldstein Advisors LLC bought a new stake in ASML in the fourth quarter worth about $213,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Down 0.2 %

Shares of ASML opened at $744.83 on Friday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. 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 stock has a 50 day simple moving average of $712.16 and a two-hundred day simple moving average of $790.79. The firm has a market cap of $293.03 billion, a P/E ratio of 39.00, a P/E/G ratio of 2.39 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASML. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna decreased their target price on 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. Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.