Miracle Mile Advisors LLC Acquires New Position in ASML Holding (NASDAQ:ASML)

Miracle Mile Advisors LLC acquired a new stake in ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 816 shares of the semiconductor company's stock, valued at approximately $565,000.

Other hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in shares of ASML by 24.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 12 shares in the last quarter. Matrix Private Capital Group LLC boosted its position in ASML by 5.5% during the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company's stock valued at $254,000 after acquiring an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position 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 acquiring an additional 14 shares during the period. Fortitude Family Office LLC grew its stake in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 15 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 15 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of ASML stock traded up $23.98 on Thursday, reaching $750.28. 2,401,006 shares of the company were exchanged, compared to its average volume of 1,574,151. 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 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a market cap of $295.18 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 2.30 and a beta of 1.47. The business has a 50-day moving average price of $703.52 and a 200 day moving average price of $801.32.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BNP Paribas began coverage on shares of ASML in a report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 target price for the company. Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered shares of ASML from an "overweight" rating to an "equal weight" rating in a report on Friday, September 20th. Sanford C. Bernstein lowered their price target 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. Finally, Wells Fargo & Company lifted their price objective on shares of ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a report on Monday. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to 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.