Westend Capital Management LLC Invests $7.03 Million in ASML Holding (NASDAQ:ASML)

Westend Capital Management LLC acquired a new stake in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,138 shares of the semiconductor company’s stock, valued at approximately $7,026,000. ASML accounts for 2.1% of Westend Capital Management LLC’s holdings, making the stock its 22nd largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter worth $25,000. Resources Management Corp CT ADV acquired a new position in ASML in the second quarter valued at about $26,000. Milestone Investment Advisors LLC bought a new position in ASML during the third quarter worth about $28,000. Fortitude Family Office LLC grew its position 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 buying an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML in the 3rd quarter valued at approximately $43,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $756.33 on Friday. The firm has a market cap of $297.56 billion, a PE ratio of 39.60, a P/E/G ratio of 2.30 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 company’s fifty day simple moving average is $704.98 and its 200-day simple moving average is $800.97. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a net margin of 26.40% and a return on equity of 47.61%. The company had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Equities research analysts expect that ASML Holding will post 20.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASML has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Susquehanna lowered their price target 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 report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $955.50.

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.