Shelton Wealth Management LLC Buys 631 Shares of ASML Holding (NASDAQ:ASML)

Shelton Wealth Management LLC grew its position in shares of ASML Holding (NASDAQ:ASML) by 54.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,788 shares of the semiconductor company’s stock after buying an additional 631 shares during the quarter. Shelton Wealth Management LLC’s holdings in ASML were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in ASML in the fourth quarter worth $7,026,000. Premier Path Wealth Partners LLC bought a new stake in shares of ASML in the 4th quarter worth about $1,364,000. Sanibel Captiva Trust Company Inc. raised its position in shares of ASML by 183.3% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 18,285 shares of the semiconductor company’s stock valued at $12,673,000 after buying an additional 11,830 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of ASML by 17.5% in the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 558 shares of the semiconductor company’s stock valued at $387,000 after acquiring an additional 83 shares during the last quarter. Finally, Lake Street Private Wealth LLC grew its position in ASML by 71.8% in the fourth quarter. Lake Street Private Wealth LLC now owns 433 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 181 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASML. BNP Paribas assumed coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Wells Fargo & Company lifted their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Sanford C. Bernstein reduced their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $955.50.

ASML Price Performance

ASML opened at $756.33 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $704.98 and its 200-day simple moving average is $800.97. The company has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

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

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.