Smith Salley Wealth Management Purchases 7,177 Shares of ASML Holding (NASDAQ:ASML)

Smith Salley Wealth Management increased its stake in ASML Holding (NASDAQ:ASML - Free Report) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,260 shares of the semiconductor company's stock after purchasing an additional 7,177 shares during the quarter. ASML makes up 1.3% of Smith Salley Wealth Management's investment portfolio, making the stock its 22nd largest holding. Smith Salley Wealth Management's holdings in ASML were worth $19,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new stake in ASML during the 3rd quarter valued at $25,000. Resources Management Corp CT ADV purchased a new position in shares of ASML during the second quarter valued at $26,000. Milestone Investment Advisors LLC acquired a new position in ASML during the third quarter valued at $28,000. Fortitude Family Office LLC lifted its stake in 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ASML during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Stock Up 0.8 %

NASDAQ ASML traded up $6.05 during trading on Friday, hitting $756.33. 1,932,491 shares of the company traded hands, compared to its average volume of 1,230,726. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The business has a fifty day simple moving average of $706.71 and a 200 day simple moving average of $797.30. The company 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 current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a report on Friday, November 29th. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an "overweight" rating on the stock in a report on Thursday, October 17th. Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a "positive" rating for the company in a report on Friday, October 11th. Finally, BNP Paribas initiated coverage on ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $955.50.

ASML Company 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.