ASML Holding (NASDAQ:ASML) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 155.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,432 shares of the semiconductor company’s stock after buying an additional 871 shares during the period. Merit Financial Group LLC’s holdings in ASML were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. International Assets Investment Management LLC increased its stake in ASML by 94,079.7% in the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock valued at $4,096,410,000 after purchasing an additional 491,096 shares during the period. Van ECK Associates Corp increased its position in ASML by 37.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after acquiring an additional 474,653 shares during the period. Mediolanum International Funds Ltd purchased a new stake in ASML during the 3rd quarter valued at approximately $125,952,000. Pathway Financial Advisers LLC grew its stake in shares of ASML by 97,001.7% in the 3rd 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. Finally, Spear Holdings RSC Ltd acquired a new position in shares of ASML in the third quarter valued at approximately $92,006,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 0.9 %

Shares of ASML stock opened at $763.00 on Wednesday. The stock has a market cap of $300.18 billion, a P/E ratio of 39.95, a P/E/G ratio of 2.35 and a beta of 1.47. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The business has a fifty day simple moving average of $708.41 and a 200-day simple moving average of $793.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ASML shares. 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 research report on Monday, January 13th. Susquehanna lowered their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Finally, BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.