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

Alpha Cubed Investments LLC grew its stake in ASML Holding (NASDAQ:ASML - Free Report) by 33.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,564 shares of the semiconductor company's stock after acquiring an additional 20,651 shares during the period. ASML accounts for approximately 2.6% of Alpha Cubed Investments LLC's holdings, making the stock its 11th largest position. Alpha Cubed Investments LLC's holdings in ASML were worth $56,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of ASML in the 3rd quarter valued at about $25,000. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC bought a new position in shares of ASML during the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 15 shares during the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in ASML in the 4th quarter valued at $42,000. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

NASDAQ ASML traded up $7.02 during midday trading on Tuesday, hitting $763.35. The company had a trading volume of 862,425 shares, compared to its average volume of 1,542,363. The company has a market capitalization of $300.32 billion, a PE ratio of 39.96, a P/E/G ratio of 2.35 and a beta of 1.47. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $708.41 and a 200-day moving average price of $793.15.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have commented on ASML shares. Sanford C. Bernstein decreased their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a research report on Thursday, October 17th. BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, ASML currently has an average rating of "Moderate Buy" and a consensus price target of $955.50.

About ASML

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.