ARS Investment Partners LLC Decreases Holdings in ASML Holding (NASDAQ:ASML)

ARS Investment Partners LLC lowered its stake in ASML Holding (NASDAQ:ASML) by 76.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 525 shares of the semiconductor company’s stock after selling 1,747 shares during the quarter. ARS Investment Partners LLC’s holdings in ASML were worth $364,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Resources Management Corp CT ADV acquired a new stake in ASML during the 2nd quarter valued at $26,000. Fairway Wealth LLC acquired a new stake in ASML during the 3rd quarter valued at $25,000. Milestone Investment Advisors LLC acquired a new stake in ASML during the 3rd quarter valued at $28,000. Fortitude Family Office LLC grew its holdings in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML during the third quarter worth $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ASML shares. Sanford C. Bernstein decreased their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. BNP Paribas began coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Up 0.8 %

NASDAQ:ASML opened at $756.33 on Tuesday. The company has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock has a 50-day simple moving average of $706.71 and a 200 day simple moving average of $795.37. 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 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.