Drive Wealth Management LLC Has $486,000 Holdings in ASML Holding (NASDAQ:ASML)

Drive Wealth Management LLC lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 67.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 701 shares of the semiconductor company’s stock after purchasing an additional 283 shares during the period. Drive Wealth Management LLC’s holdings in ASML were worth $486,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in ASML in the third quarter valued at approximately $25,000. Milestone Investment Advisors LLC bought a new position in shares of ASML in the 3rd quarter valued at about $28,000. Fortitude Family Office LLC grew its position in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares during the period. Albion Financial Group UT increased its holdings in shares of ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 32 shares during the last quarter. Finally, Sugar Maple Asset Management LLC acquired a new stake in shares of ASML during the 4th quarter worth about $42,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ASML. Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Susquehanna cut their target price on shares of 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. JPMorgan Chase & Co. reduced their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Finally, BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $946.60.

ASML Stock Down 1.9 %

Shares of ASML opened at $732.25 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $288.08 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.47. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The business’s 50 day moving average is $714.70 and its 200 day moving average is $786.18.

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.