Avior Wealth Management LLC Trims Stock Position in ASML Holding (NASDAQ:ASML)

Avior Wealth Management LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML) by 38.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 875 shares of the semiconductor company’s stock after selling 538 shares during the period. Avior Wealth Management LLC’s holdings in ASML were worth $607,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ASML. Fairway Wealth LLC purchased a new position in shares of ASML during the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC acquired a new position in ASML during the third quarter worth approximately $28,000. Fortitude Family Office LLC raised its stake in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Albion Financial Group UT boosted its holdings in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 32 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of ASML during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Susquehanna reduced their price objective 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. JPMorgan Chase & Co. decreased 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. Sanford C. Bernstein reduced their price target 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, BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $946.60.

ASML Price Performance

ASML opened at $732.25 on Friday. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The firm has a market cap of $288.08 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. 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 company has a fifty day simple moving average of $714.70 and a 200 day simple moving average of $788.08.

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.