Sugar Maple Asset Management LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Sugar Maple Asset Management LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60 shares of the semiconductor company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Armstrong Advisory Group Inc. grew its holdings in shares of ASML by 24.5% in the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 12 shares in the last quarter. Matrix Private Capital Group LLC grew its holdings in shares of ASML by 5.5% in the second quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after acquiring an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC grew its holdings in shares of ASML by 21.2% in the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 14 shares in the last quarter. Steigerwald Gordon & Koch Inc. grew its holdings in shares of ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 14 shares in the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

ASML stock opened at $756.33 on Tuesday. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The business has a fifty day moving average price of $706.71 and a 200-day moving average price of $795.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market capitalization of $297.56 billion, a P/E ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.47.

Analyst Upgrades and Downgrades

ASML has been the subject of several recent analyst reports. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein reduced 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. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $955.50.

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.