Wealth Management Partners LLC Acquires New Shares in ASML Holding (NASDAQ:ASML)

Wealth Management Partners LLC purchased a new position in ASML Holding (NASDAQ:ASML - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,318 shares of the semiconductor company's stock, valued at approximately $913,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company's stock valued at $4,096,410,000 after acquiring an additional 491,096 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of ASML by 37.0% during the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company's stock worth $1,464,061,000 after acquiring an additional 474,653 shares in the last quarter. Tairen Capital Ltd lifted its stake in ASML by 321.2% in the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company's stock worth $207,559,000 after purchasing an additional 154,760 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in ASML during the 3rd quarter valued at about $125,952,000. Finally, Pathway Financial Advisers LLC lifted its position in ASML by 97,001.7% in the third quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company's stock valued at $94,665,000 after purchasing an additional 113,492 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ASML shares. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a "positive" rating for the company in a research note on Friday, October 11th. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 price objective on the stock. Berenberg Bank raised shares of ASML to a "strong-buy" rating in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $955.50.

ASML Stock Up 0.8 %

ASML stock traded up $6.05 during mid-day trading on Monday, hitting $756.33. The company had a trading volume of 1,932,491 shares, 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 company has a market capitalization of $297.56 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The stock's 50 day moving average price is $706.71 and its two-hundred day moving average price is $795.37. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

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.