Ervin Investment Management LLC Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Ervin Investment Management LLC boosted its stake in ASML Holding (NASDAQ:ASML) by 94.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,048 shares of the semiconductor company’s stock after buying an additional 510 shares during the quarter. ASML makes up 0.5% of Ervin Investment Management LLC’s investment portfolio, making the stock its 27th largest holding. Ervin Investment Management LLC’s holdings in ASML were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Fairway Wealth LLC purchased a new stake in shares of ASML during the third quarter valued at approximately $25,000. Resources Management Corp CT ADV bought a new position in ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter valued at $28,000. Fortitude Family Office LLC raised its stake in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of ASML in the 3rd quarter worth about $43,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of ASML stock opened at $756.33 on Monday. The stock has a market capitalization of $297.56 billion, a price-to-earnings ratio of 39.60, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The company has a fifty day moving average of $706.71 and a 200-day moving average of $797.30. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55.

Wall Street Analyst Weigh In

ASML has been the subject of several research reports. Susquehanna reduced their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a research report on Thursday, October 17th. Finally, BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $955.50.

ASML Company 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.