Legacy Wealth Asset Management LLC Has $1.92 Million Position in ASML Holding (NASDAQ:ASML)

Legacy Wealth Asset Management LLC grew its stake in ASML Holding (NASDAQ:ASML) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,774 shares of the semiconductor company’s stock after acquiring an additional 37 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in ASML were worth $1,923,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ASML. Resources Management Corp CT ADV acquired a new position in ASML in the second quarter valued at about $26,000. Fairway Wealth LLC bought a new position in shares of ASML during the 3rd quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC increased its stake in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in ASML during the 3rd quarter worth approximately $43,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Up 3.3 %

NASDAQ:ASML opened at $750.28 on Friday. The firm has a market capitalization of $295.18 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 2.30 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 twelve month low of $645.45 and a twelve month high of $1,110.09. The stock’s 50 day moving average price is $703.52 and its two-hundred day moving average price is $801.32.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities research analysts expect that ASML Holding will post 20.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ASML. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein lowered their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.