Solidarity Wealth LLC Grows Stock Position in ASML Holding (NASDAQ:ASML)

Solidarity Wealth LLC lifted its stake in ASML Holding (NASDAQ:ASML) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,263 shares of the semiconductor company’s stock after buying an additional 3,184 shares during the period. ASML makes up approximately 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 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Carnegie Investment Counsel grew its stake in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of ASML in the fourth quarter worth about $1,174,000. Taurus Asset Management LLC bought a new stake in shares of ASML in the third quarter worth about $16,994,000. State Street Corp grew its stake in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. grew its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna dropped their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $955.50.

ASML Price Performance

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

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.