Grove Bank & Trust Sells 45 Shares of ASML Holding (NASDAQ:ASML)

Grove Bank & Trust lowered its stake in ASML Holding (NASDAQ:ASML) by 17.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208 shares of the semiconductor company’s stock after selling 45 shares during the quarter. Grove Bank & Trust’s holdings in ASML were worth $144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its holdings in shares of ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after acquiring an additional 31,879 shares during the last quarter. Edgewood Management LLC lifted its holdings in shares of ASML by 3.3% in the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares during the last quarter. 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 valued at $1,464,061,000 after buying an additional 474,653 shares during the period. Windacre Partnership LLC increased its stake in shares of ASML by 4.0% in the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock valued at $553,361,000 after buying an additional 25,600 shares during the period. Finally, Lone Pine Capital LLC increased its stake in shares of ASML by 19.0% in the second quarter. Lone Pine Capital LLC now owns 587,891 shares of the semiconductor company’s stock valued at $601,254,000 after buying an additional 93,851 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. 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 for the company. Finally, Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $955.50.

ASML Stock Performance

Shares of ASML opened at $756.33 on Tuesday. The stock has a 50-day moving average of $706.71 and a 200-day moving average of $795.37. The company has a market cap of $297.56 billion, a PE ratio of 39.60, a P/E/G ratio of 2.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

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.