Carnegie Investment Counsel Grows Stock Holdings in ASML Holding (NASDAQ:ASML)

Carnegie Investment Counsel boosted its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 68.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,128 shares of the semiconductor company's stock after purchasing an additional 868 shares during the period. Carnegie Investment Counsel's holdings in ASML were worth $1,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of ASML during the 3rd quarter worth about $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the second quarter valued at about $26,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML in the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC lifted its holdings in shares of ASML by 46.9% in 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, Brooklyn Investment Group purchased a new position in shares of ASML during the 3rd quarter worth approximately $43,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their target price 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 cut 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. Finally, Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $955.50.

ASML Stock Performance

Shares of ASML traded up $6.05 during midday trading on Friday, reaching $756.33. 1,932,491 shares of the stock were exchanged, compared to its average volume of 1,230,726. The company has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47. 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 twelve month low of $645.45 and a twelve month high of $1,110.09. The business's 50-day moving average price is $706.71 and its 200 day moving average price is $797.30.

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.