Triangle Securities Wealth Management Takes $517,000 Position in ASML Holding (NASDAQ:ASML)

Triangle Securities Wealth Management bought a new stake in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 746 shares of the semiconductor company’s stock, valued at approximately $517,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Carnegie Investment Counsel increased its stake in ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 868 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of ASML during the fourth quarter worth approximately $1,174,000. Taurus Asset Management LLC acquired a new position in ASML in the 3rd quarter valued at $16,994,000. State Street Corp lifted its holdings in ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after purchasing an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. boosted its stake in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.8 %

Shares of ASML opened at $756.33 on Monday. The company’s 50-day moving average price is $706.71 and its 200 day moving average price is $797.30. ASML Holding has a 12-month low of $645.45 and a 12-month 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. The firm has a market cap of $297.56 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ASML. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. cut their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Finally, BNP Paribas started coverage on ASML in a report 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, nine have issued a buy rating and two have issued 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 an average price target of $955.50.

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.