Boomfish Wealth Group LLC Raises Stock Position in ASML Holding (NASDAQ:ASML)

Boomfish Wealth Group LLC grew its position in shares of ASML Holding (NASDAQ:ASML) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,440 shares of the semiconductor company’s stock after purchasing an additional 572 shares during the period. ASML accounts for about 1.4% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 27th largest position. Boomfish Wealth Group LLC’s holdings in ASML were worth $2,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Carnegie Investment Counsel lifted 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 acquiring an additional 868 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in ASML in the fourth quarter worth $1,174,000. Taurus Asset Management LLC bought a new position in ASML in the 3rd quarter worth about $16,994,000. State Street Corp increased its position in ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after acquiring an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. increased its holdings in shares of ASML by 7.2% during the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday. Sanford C. Bernstein reduced their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. lowered their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company upped their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, Susquehanna decreased their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Stock Performance

NASDAQ ASML opened at $736.99 on Friday. The firm has a 50-day moving average of $716.70 and a 200-day moving average of $778.07. 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 stock has a market cap of $289.95 billion, a PE ratio of 38.59, a P/E/G ratio of 2.39 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, sell-side analysts anticipate that ASML Holding will post 20.54 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.