Asset Dedication LLC Has $395,000 Stake in ASML Holding (NASDAQ:ASML)

Asset Dedication LLC lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 570 shares of the semiconductor company’s stock after selling 187 shares during the period. Asset Dedication LLC’s holdings in ASML were worth $395,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ASML. Foster Group Inc. increased its stake in ASML by 16.2% during the 4th quarter. Foster Group Inc. now owns 330 shares of the semiconductor company’s stock worth $229,000 after acquiring an additional 46 shares during the period. Fulton Breakefield Broenniman LLC raised its stake in ASML by 23.6% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 15,749 shares of the semiconductor company’s stock valued at $10,915,000 after purchasing an additional 3,009 shares in the last quarter. SteelPeak Wealth LLC lifted its position in ASML by 13.3% during the fourth quarter. SteelPeak Wealth LLC now owns 4,391 shares of the semiconductor company’s stock worth $3,043,000 after purchasing an additional 514 shares during the period. Mayflower Financial Advisors LLC grew its stake in ASML by 54.0% during the fourth quarter. Mayflower Financial Advisors LLC now owns 382 shares of the semiconductor company’s stock worth $265,000 after buying an additional 134 shares in the last quarter. Finally, Wealth Effects LLC increased its holdings in ASML by 51.6% in the 4th quarter. Wealth Effects LLC now owns 435 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 148 shares during the period. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna reduced their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average price target of $946.60.

ASML Stock Performance

NASDAQ:ASML opened at $712.65 on Thursday. The stock’s 50-day moving average is $715.62 and its 200-day moving average is $778.53. The stock has a market cap of $280.37 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.39 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. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities research analysts anticipate that ASML Holding will post 20.54 earnings per share for the current year.

ASML 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.