Channel Wealth LLC Has $4.36 Million Stake in ASML Holding (NASDAQ:ASML)

Channel Wealth LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,285 shares of the semiconductor company’s stock after acquiring an additional 640 shares during the period. ASML comprises about 1.4% of Channel Wealth LLC’s investment portfolio, making the stock its 19th largest holding. Channel Wealth LLC’s holdings in ASML were worth $4,356,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ASML. Fairway Wealth LLC acquired a new stake in shares of ASML during the third quarter worth approximately $25,000. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter valued at approximately $26,000. Milestone Investment Advisors LLC acquired a new stake in shares of ASML in the third quarter valued at approximately $28,000. Fortitude Family Office LLC increased its holdings in shares of ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

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

ASML Price Performance

Shares of ASML stock opened at $750.28 on Friday. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The stock has a market cap of $295.18 billion, a PE ratio of 39.28, a PEG ratio of 2.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm’s 50 day moving average price is $703.52 and its two-hundred day moving average price is $801.32.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, analysts forecast that ASML Holding will post 20.57 EPS for the current year.

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.