Armstrong Advisory Group Inc. Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Armstrong Advisory Group Inc. increased its stake in shares of ASML Holding (NASDAQ:ASML) by 68.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 103 shares of the semiconductor company’s stock after acquiring an additional 42 shares during the period. Armstrong Advisory Group Inc.’s holdings in ASML were worth $71,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ASML. Matrix Private Capital Group LLC lifted its position in ASML by 5.5% in the 2nd quarter. Matrix Private Capital Group LLC now owns 248 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of ASML by 21.2% in the third quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 14 shares during the period. Fortitude Family Office LLC raised its holdings in shares of ASML by 46.9% during the third 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. Farther Finance Advisors LLC boosted its stake in ASML by 1.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after purchasing an additional 15 shares in the last quarter. Finally, Family Capital Management Inc. increased its position in shares of ASML by 1.7% during the 3rd quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company’s stock valued at $757,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ASML. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. Susquehanna cut their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Finally, Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Stock Up 3.3 %

Shares of ASML stock opened at $750.28 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The stock has a 50-day moving average price of $703.52 and a 200 day moving average price of $801.32. The company has a market cap of $295.18 billion, a P/E ratio of 39.28, a P/E/G ratio of 2.30 and a beta of 1.47.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping the consensus estimate of $5.24 by $0.56. The business had revenue of $8.21 billion during 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 expect that ASML Holding will post 20.57 EPS for the current fiscal 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.