Ervin Investment Management LLC Acquires 510 Shares of ASML Holding (NASDAQ:ASML)

Ervin Investment Management LLC grew its position in ASML Holding (NASDAQ:ASML - Free Report) by 94.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,048 shares of the semiconductor company's stock after buying an additional 510 shares during the quarter. ASML makes up approximately 0.5% of Ervin Investment Management LLC's portfolio, making the stock its 27th largest position. Ervin Investment Management LLC's holdings in ASML were worth $726,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Resources Management Corp CT ADV purchased a new stake in shares of ASML during the second quarter worth $26,000. Fairway Wealth LLC acquired a new position in ASML in the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter worth about $28,000. Fortitude Family Office LLC grew its stake 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 valued at $39,000 after buying an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in ASML in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BNP Paribas initiated coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating for the company in a report on Thursday, October 17th. Berenberg Bank upgraded ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, Susquehanna lowered their price objective 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. Three 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $955.50.

ASML Stock Performance

Shares of ASML stock traded up $6.05 during midday trading on Monday, hitting $756.33. 1,932,491 shares of the company were exchanged, compared to its average volume of 1,230,726. The firm has a market capitalization of $297.56 billion, a P/E 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 quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The firm's 50 day moving average price is $706.71 and its two-hundred day moving average price is $795.37.

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.