Solidarity Wealth LLC Increases Holdings in ASML Holding (NASDAQ:ASML)

Solidarity Wealth LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 45.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,263 shares of the semiconductor company’s stock after buying an additional 3,184 shares during the quarter. ASML makes up about 1.9% of Solidarity Wealth LLC’s holdings, making the stock its 19th largest holding. Solidarity Wealth LLC’s holdings in ASML were worth $7,113,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ASML. Aspiriant LLC bought a new stake in shares of ASML during the 4th quarter valued at $261,000. Crossmark Global Holdings Inc. grew its position in shares of ASML by 7.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 31,486 shares of the semiconductor company’s stock valued at $21,822,000 after acquiring an additional 2,055 shares during the period. Royal Fund Management LLC grew its position in shares of ASML by 120.2% during the 4th quarter. Royal Fund Management LLC now owns 2,794 shares of the semiconductor company’s stock valued at $1,937,000 after acquiring an additional 1,525 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of ASML during the 4th quarter valued at $42,000. Finally, Mitchell & Pahl Private Wealth LLC grew its position in shares of ASML by 4.2% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 1,339 shares of the semiconductor company’s stock valued at $928,000 after acquiring an additional 54 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 0.8 %

Shares of NASDAQ ASML opened at $756.33 on Tuesday. The firm’s 50-day moving average price is $706.71 and its 200-day moving average price is $795.37. 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 stock has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a P/E/G 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.

Analyst Ratings Changes

ASML has been the subject of a number of recent research reports. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price 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. Sanford C. Bernstein dropped their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Finally, Susquehanna dropped their target price on shares of 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 investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $955.50.

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.