Park Avenue Securities LLC Buys 788 Shares of ASML Holding (NASDAQ:ASML)

Park Avenue Securities LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,734 shares of the semiconductor company’s stock after buying an additional 788 shares during the period. Park Avenue Securities LLC’s holdings in ASML were worth $7,439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ASML. Pines Wealth Management LLC bought a new position in ASML in the 4th quarter worth $228,000. SeaCrest Wealth Management LLC raised its holdings in ASML by 39.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 3,233 shares of the semiconductor company’s stock valued at $2,241,000 after acquiring an additional 907 shares during the period. Capstone Wealth Management Group LLC lifted its position in shares of ASML by 30.2% in the fourth quarter. Capstone Wealth Management Group LLC now owns 2,387 shares of the semiconductor company’s stock valued at $1,654,000 after acquiring an additional 553 shares in the last quarter. Quad Cities Investment Group LLC boosted its stake in shares of ASML by 39.2% in the fourth quarter. Quad Cities Investment Group LLC now owns 731 shares of the semiconductor company’s stock worth $507,000 after acquiring an additional 206 shares during the period. Finally, Wallace Advisory Group LLC grew its position in shares of ASML by 13.8% during the fourth quarter. Wallace Advisory Group LLC now owns 281 shares of the semiconductor company’s stock worth $195,000 after purchasing an additional 34 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ASML has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday. BNP Paribas began coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $955.50.

ASML Stock Down 1.4 %

Shares of NASDAQ ASML opened at $726.30 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm’s 50-day moving average price is $702.22 and its 200-day moving average price is $801.85. The stock has a market capitalization of $285.74 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, equities research analysts anticipate that ASML Holding will post 20.68 EPS for the current fiscal year.

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.