TB Alternative Assets Ltd. Invests $15 Million in ASML Holding (NASDAQ:ASML)

TB Alternative Assets Ltd. bought a new stake in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,642 shares of the semiconductor company’s stock, valued at approximately $15,000,000. ASML makes up 3.9% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of ASML in the second quarter worth $554,000. King Luther Capital Management Corp boosted its holdings in 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 during the period. AE Wealth Management LLC increased its stake in 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 in the last quarter. Thrivent Financial for Lutherans raised its holdings in ASML by 176.5% during the second 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of ASML by 1.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,574 shares of the semiconductor company’s stock valued at $5,702,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML opened at $756.33 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The company has a 50 day moving average price of $706.71 and a 200-day moving average price of $795.37. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $297.56 billion, a PE ratio of 39.60, a PEG ratio of 2.35 and a beta of 1.47.

Analyst Ratings Changes

Several research firms have commented on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. 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 decreased 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. Finally, BNP Paribas initiated coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. Three equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.