Eldred Rock Partners LLC Buys 20 Shares of ASML Holding (NASDAQ:ASML)

Eldred Rock Partners LLC raised its stake in ASML Holding (NASDAQ:ASML) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,640 shares of the semiconductor company’s stock after purchasing an additional 20 shares during the period. ASML accounts for approximately 2.9% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 19th biggest position. Eldred Rock Partners LLC’s holdings in ASML were worth $8,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ASML. Fairway Wealth LLC bought a new stake in ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV bought a new stake in shares of ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the third quarter valued at about $28,000. Fortitude Family Office LLC increased its position in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in ASML in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. Sanford C. Bernstein reduced their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Finally, Susquehanna decreased their price target 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. Three equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Performance

NASDAQ:ASML opened at $756.33 on Monday. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $706.71 and its 200 day simple moving average is $797.30. The firm has a market capitalization of $297.56 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47.

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.