ASML Holding (NASDAQ:ASML) Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. cut its stake in shares of ASML Holding (NASDAQ:ASML) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,943 shares of the semiconductor company’s stock after selling 808 shares during the period. ASML makes up approximately 3.7% of Carmel Capital Management L.L.C.’s investment portfolio, making the stock its 11th biggest position. Carmel Capital Management L.L.C.’s holdings in ASML were worth $9,664,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ASML. Fairway Wealth LLC purchased a new position in shares of ASML in the third quarter valued at approximately $25,000. Milestone Investment Advisors LLC purchased a new position in ASML in the third quarter valued at $28,000. Fortitude Family Office LLC grew 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. Albion Financial Group UT increased its holdings in ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 32 shares during the period. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of ASML in the 4th quarter valued at about $42,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the subject of several analyst reports. JPMorgan Chase & Co. lowered 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. BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. 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, January 13th. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Performance

NASDAQ ASML opened at $746.24 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 50 day moving average is $712.16 and its two-hundred day moving average is $790.79. The stock has a market capitalization of $293.59 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 2.37 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 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.