SeaCrest Wealth Management LLC Raises Position in ASML Holding (NASDAQ:ASML)

SeaCrest Wealth Management LLC boosted its position in ASML Holding (NASDAQ:ASML) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,233 shares of the semiconductor company’s stock after purchasing an additional 907 shares during the period. SeaCrest Wealth Management LLC’s holdings in ASML were worth $2,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its position in shares of ASML by 24.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 12 shares during the last quarter. Matrix Private Capital Group LLC raised its stake in ASML by 5.5% in the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after acquiring an additional 13 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in ASML by 21.2% during the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 14 shares during the last quarter. Fortitude Family Office LLC boosted its position in 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 during the period. Finally, Farther Finance Advisors LLC raised its position in shares of ASML by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after purchasing an additional 15 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 1.2 %

Shares of ASML opened at $736.29 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a market capitalization of $289.67 billion, a P/E ratio of 38.55, a P/E/G ratio of 2.07 and a beta of 1.47. The firm’s 50 day simple moving average is $702.22 and its 200 day simple moving average is $801.85.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The firm had revenue of $8.21 billion for 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 fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report 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 dropped 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. Sanford C. Bernstein reduced their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Finally, Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $955.50.

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.