Pines Wealth Management LLC Invests $228,000 in ASML Holding (NASDAQ:ASML)

Pines Wealth Management LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 309 shares of the semiconductor company’s stock, valued at approximately $228,000.

Other hedge funds have also made changes to their positions in the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter worth approximately $26,000. Fairway Wealth LLC acquired a new stake in ASML in the 3rd quarter valued at $25,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC lifted its position 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 worth $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ASML in the 3rd quarter worth $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

ASML has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Finally, Susquehanna dropped their price target on shares of 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. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $955.50.

ASML Trading Down 1.4 %

NASDAQ:ASML opened at $726.30 on Thursday. The stock has a fifty day simple moving average of $702.22 and a 200 day simple moving average of $801.85. The firm has a market capitalization of $285.74 billion, a price-to-earnings ratio of 38.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Sell-side analysts forecast that ASML Holding will post 20.68 earnings per share for the current year.

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.