Concorde Asset Management LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,292 shares of the semiconductor company’s stock, valued at approximately $846,000.
Other hedge funds have also recently modified their holdings of the company. Winslow Capital Management LLC acquired a new stake in shares of ASML in the second quarter worth $189,142,000. WCM Investment Management LLC raised its holdings in ASML by 3.9% during the second quarter. WCM Investment Management LLC now owns 4,244,504 shares of the semiconductor company’s stock valued at $1,562,105,000 after buying an additional 158,186 shares in the last quarter. Morgan Stanley raised its holdings in ASML by 139.0% during the first quarter. Morgan Stanley now owns 194,265 shares of the semiconductor company’s stock valued at $50,827,000 after buying an additional 112,979 shares in the last quarter. Fisher Asset Management LLC raised its holdings in ASML by 2.7% during the second quarter. Fisher Asset Management LLC now owns 3,545,831 shares of the semiconductor company’s stock valued at $1,304,972,000 after buying an additional 92,254 shares in the last quarter. Finally, FMR LLC raised its holdings in ASML by 1.8% during the second quarter. FMR LLC now owns 4,945,880 shares of the semiconductor company’s stock valued at $1,820,232,000 after buying an additional 86,494 shares in the last quarter. Institutional investors own 18.21% of the company’s stock.
ASML stock traded down $11.70 during trading on Monday, hitting $366.86. The company had a trading volume of 14,773 shares, compared to its average volume of 871,819. The company has a quick ratio of 1.99, a current ratio of 2.92 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $372.81 and a 200-day moving average price of $349.74. ASML Holding has a 12 month low of $191.25 and a 12 month high of $409.11. The stock has a market cap of $158.92 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 1.92 and a beta of 0.95.
Several research firms have weighed in on ASML. Wells Fargo & Company raised their target price on ASML from $410.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Monday, September 28th. Royal Bank of Canada lifted their price objective on ASML from $300.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Zacks Investment Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ASML in a research note on Friday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. ASML has an average rating of “Buy” and an average target price of $383.60.
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture variosus range of semiconductor nodes and technologies.
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