Triangle Securities Wealth Management Takes Position in ASML Holding (NASDAQ:ASML)

Triangle Securities Wealth Management bought a new stake in shares of ASML Holding (NASDAQ:ASML - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 746 shares of the semiconductor company's stock, valued at approximately $517,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its stake in shares of ASML by 24.5% during the third 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 during the period. Matrix Private Capital Group LLC grew its holdings 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 purchasing an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake 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 buying an additional 14 shares during the period. Fortitude Family Office LLC lifted its holdings 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 buying an additional 15 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company's stock valued at $768,000 after buying an additional 15 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML stock traded up $6.05 during trading hours on Monday, reaching $756.33. The company's stock had a trading volume of 1,932,491 shares, compared to its average volume of 1,230,726. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company's 50 day simple moving average is $706.71 and its 200 day simple moving average is $795.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market cap of $297.56 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47.

Analyst Ratings Changes

A number of analysts have recently issued reports 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 research report on Friday, November 29th. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research report on Friday, October 11th. 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. Berenberg Bank upgraded shares of ASML to a "strong-buy" rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average target price of $955.50.

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.