ASML Holding (NASDAQ:ASML) Shares Bought by Channel Wealth LLC

Channel Wealth LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,285 shares of the semiconductor company’s stock after acquiring an additional 640 shares during the period. ASML comprises about 1.4% of Channel Wealth LLC’s portfolio, making the stock its 19th largest holding. Channel Wealth LLC’s holdings in ASML were worth $4,356,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ASML. International Assets Investment Management LLC raised its stake in ASML by 94,079.7% during the 3rd 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 stake in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after acquiring an additional 474,653 shares during the last quarter. Tairen Capital Ltd increased its stake in shares of ASML by 321.2% in the second quarter. Tairen Capital Ltd now owns 202,946 shares of the semiconductor company’s stock worth $207,559,000 after acquiring an additional 154,760 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of ASML in the third quarter worth $125,952,000. Finally, Pathway Financial Advisers LLC increased its stake in shares of ASML by 97,001.7% in the third quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after acquiring an additional 113,492 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. Wells Fargo & Company increased their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday. Sanford C. Bernstein lowered their target price on shares of 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 upgraded shares of 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Up 3.3 %

Shares of ASML opened at $750.28 on Friday. The stock has a market cap of $295.18 billion, a price-to-earnings ratio of 39.28, a P/E/G 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 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a 50-day moving average price of $703.52 and a two-hundred day moving average price of $801.32.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. Equities analysts predict that ASML Holding will post 20.57 EPS 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.