Westend Capital Management LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Westend Capital Management LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, Holdings Channel reports. The fund bought 10,138 shares of the semiconductor company’s stock, valued at approximately $7,026,000. ASML makes up approximately 2.1% of Westend Capital Management LLC’s portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Armstrong Advisory Group Inc. raised its holdings in ASML by 24.5% in the 3rd 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 raised its stake in 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 purchasing an additional 13 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in ASML by 21.2% during the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 14 shares during the period. Fortitude Family Office LLC grew 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 buying an additional 15 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 15 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. dropped their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three equities 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 stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Trading Up 0.8 %

Shares of NASDAQ ASML opened at $756.33 on Friday. The firm has a 50 day moving average price of $704.98 and a two-hundred day moving average price of $800.97. The stock has a market cap of $297.56 billion, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, equities analysts forecast that ASML Holding will post 20.57 EPS for the current year.

ASML 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.