Asset Dedication LLC Has $631,000 Position in ASML Holding (NASDAQ:ASML)

Asset Dedication LLC grew its position in ASML Holding (NASDAQ:ASML) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 757 shares of the semiconductor company’s stock after purchasing an additional 26 shares during the period. Asset Dedication LLC’s holdings in ASML were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Resources Management Corp CT ADV bought a new position in ASML during the second quarter worth about $26,000. WD Rutherford LLC acquired a new stake in shares of ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML during the 2nd quarter valued at about $31,000. First Community Trust NA acquired a new position in shares of ASML in the 2nd quarter valued at approximately $34,000. Finally, POM Investment Strategies LLC bought a new stake in ASML during the 2nd quarter worth approximately $36,000. 26.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASML shares. Wells Fargo & Company reduced their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their target price on ASML from $1,202.00 to $1,207.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,071.80.

ASML Stock Performance

Shares of NASDAQ ASML opened at $683.52 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The stock has a 50 day moving average price of $840.70 and a 200 day moving average price of $919.87. The stock has a market capitalization of $269.71 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. ASML Holding has a 52 week low of $573.86 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.24 by $0.56. The company 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 49.93% and a net margin of 26.50%. Analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

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.