Granite Group Advisors LLC Sells 27 Shares of ASML Holding (NASDAQ:ASML)

Granite Group Advisors LLC lowered its stake in shares of ASML Holding (NASDAQ:ASML) by 6.9% in the fourth quarter, Holdings Channel reports. The firm owned 362 shares of the semiconductor company’s stock after selling 27 shares during the period. Granite Group Advisors LLC’s holdings in ASML were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Carnegie Investment Counsel grew its position in ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of ASML in the 4th quarter worth about $1,174,000. Taurus Asset Management LLC acquired a new stake in shares of ASML during the 3rd quarter worth about $16,994,000. State Street Corp lifted its holdings in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. boosted its position in ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after buying an additional 1,032 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASML has been the subject of a number of research analyst reports. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Susquehanna decreased their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their target price on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $946.60.

ASML Stock Down 1.9 %

Shares of NASDAQ:ASML opened at $732.25 on Monday. The business has a fifty day simple moving average of $714.70 and a 200 day simple moving average of $786.18. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market cap of $288.08 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.39 and a beta of 1.47. 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 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.