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Premier Path Wealth Partners LLC Acquires New Holdings in ASML Holding (NASDAQ:ASML)

ASML logo with Computer and Technology background

Premier Path Wealth Partners LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,969 shares of the semiconductor company's stock, valued at approximately $1,364,000.

A number of other hedge funds have also made changes to their positions in the business. Armstrong Advisory Group Inc. raised its stake in ASML by 24.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 12 shares in the last quarter. Matrix Private Capital Group LLC boosted its position in shares of 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 purchasing an additional 13 shares during the period. Bruce G. Allen Investments LLC grew its stake in ASML by 21.2% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company's stock worth $67,000 after buying an additional 14 shares during the last quarter. Fortitude Family Office LLC increased 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 buying an additional 15 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in 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 buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research report on Wednesday, October 2nd. Sanford C. Bernstein dropped their price objective 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. Morgan Stanley downgraded shares of ASML from an "overweight" rating to an "equal weight" rating in a research note on Friday, September 20th. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Three research 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $955.50.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

Shares of ASML stock traded up $6.05 during trading hours on Friday, reaching $756.33. 1,932,491 shares of the company's stock were exchanged, compared to its average volume of 1,230,726. 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 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. The company's 50 day moving average is $706.71 and its two-hundred day moving average is $799.04.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities research analysts anticipate that ASML Holding will post 20.57 EPS for the current fiscal year.

About ASML

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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