Alpha Cubed Investments LLC Purchases 20,651 Shares of ASML Holding (NASDAQ:ASML)

Alpha Cubed Investments LLC lifted its holdings in ASML Holding (NASDAQ:ASML) by 33.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,564 shares of the semiconductor company’s stock after acquiring an additional 20,651 shares during the period. ASML accounts for about 2.6% of Alpha Cubed Investments LLC’s portfolio, making the stock its 11th biggest holding. Alpha Cubed Investments LLC’s holdings in ASML were worth $56,530,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ASML. XTX Topco Ltd bought a new position in shares of ASML during the 2nd quarter valued at approximately $554,000. King Luther Capital Management Corp grew its stake in shares of ASML by 11.2% in the 2nd quarter. King Luther Capital Management Corp now owns 1,053 shares of the semiconductor company’s stock worth $1,077,000 after buying an additional 106 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of ASML by 17.0% in the 2nd quarter. AE Wealth Management LLC now owns 1,632 shares of the semiconductor company’s stock worth $1,668,000 after buying an additional 237 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of ASML by 176.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,306 shares of the semiconductor company’s stock valued at $2,358,000 after acquiring an additional 1,472 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in ASML by 1.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,574 shares of the semiconductor company’s stock worth $5,702,000 after acquiring an additional 66 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Up 0.8 %

Shares of NASDAQ ASML opened at $756.33 on Tuesday. The firm has a market cap of $297.56 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.47. The company’s 50-day simple moving average is $706.71 and its 200-day simple moving average is $795.37. 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 52-week low of $645.45 and a 52-week high of $1,110.09.

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein lowered their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Finally, Susquehanna cut their price objective 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. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.