Wetherby Asset Management Inc. raised its holdings in ASML Holding NV (NASDAQ:ASML) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,216 shares of the semiconductor company’s stock after buying an additional 419 shares during the quarter. Wetherby Asset Management Inc.’s holdings in ASML were worth $1,293,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Destination Wealth Management lifted its position in ASML by 1,066.7% during the 1st quarter. Destination Wealth Management now owns 175 shares of the semiconductor company’s stock worth $33,000 after buying an additional 160 shares in the last quarter. Manchester Financial Inc. acquired a new position in ASML during the 2nd quarter worth about $42,000. Thomas J. Herzfeld Advisors Inc. lifted its position in ASML by 115.0% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 215 shares of the semiconductor company’s stock worth $40,000 after buying an additional 115 shares in the last quarter. JNBA Financial Advisors acquired a new position in ASML during the 1st quarter worth about $53,000. Finally, Financial Gravity Wealth Inc. acquired a new position in ASML during the 1st quarter worth about $63,000. 16.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ ASML traded up $1.51 during mid-day trading on Tuesday, reaching $213.64. The company had a trading volume of 24,998 shares, compared to its average volume of 729,055. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.62 and a current ratio of 2.68. ASML Holding NV has a one year low of $144.50 and a one year high of $234.50. The firm has a market cap of $89.34 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. The company has a 50-day moving average price of $213.84.
Several brokerages recently issued reports on ASML. Zacks Investment Research upgraded shares of ASML from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Societe Generale assumed coverage on ASML in a report on Monday, July 8th. They set a “buy” rating for the company. ABN Amro assumed coverage on ASML in a report on Monday, July 29th. They set a “hold” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of ASML in a report on Tuesday, July 16th. Finally, Goldman Sachs Group downgraded ASML from a “conviction-buy” rating to a “buy” rating in a report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $204.80.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells Holistic Lithography solutions, which integrate its three categories of products, including DUV lithography, EUV lithography, and Applications.
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