Carnegie Investment Counsel Expands Its Investment in ASML Holding

Carnegie Investment Counsel has notably increased its stake in ASML Holding (NASDAQ:ASML – Free Report) by an impressive 68.9% during the fourth quarter, as reported by HoldingsChannel.com. The institutional investor held 2,128 shares of the semiconductor company's stock after acquiring an additional 868 shares throughout the quarter. By the end of the most recent reporting period, Carnegie Investment Counsel's holdings in ASML were valued at $1,475,000.

Several other institutional investors have also recently adjusted their positions in ASML. For example, Central Pacific Bank Trust Division invested in ASML for the first time during the fourth quarter, contributing approximately $1,174,000. Likewise, Taurus Asset Management LLC made a significant investment in ASML during the third quarter, acquiring a new position worth about $16,994,000. Additionally, State Street Corp raised its stake in ASML by 5.2% during the third quarter, owning 140,802 shares valued at $117,323,000 after purchasing another 7,010 shares. Another investor, Stockman Wealth Management Inc., increased its holdings in ASML by 7.2%, bringing their total to 15,361 shares worth approximately $12,800,000 after buying an extra 1,032 shares. Lastly, US Bancorp DE elevated its stake in ASML by 7.5% in the third quarter, now holding 47,601 shares valued at $39,664,000 after acquiring 3,321 additional shares. Collectively, hedge funds and other institutional investors own 26.07% of ASML's stock.

Recent Stock Performance

On Friday, ASML shares opened at $756.33. The company has seen a 1-year low of $645.45 and a 1-year high of $1,110.09. Presently, ASML's fifty-day moving average price stands at $706.71, while the 200-day moving average is $799.04. The company maintains a debt-to-equity ratio of 0.29, a current ratio of 1.55, and a quick ratio of 0.84. With a market capitalization of $297.56 billion, ASML shows a P/E ratio of 39.60, a P/E/G ratio of 2.30, and has a beta of 1.47.

Analyst Ratings and Predictions

Several brokerages have recently updated their price targets and ratings for ASML. Notably, on October 17th, JPMorgan Chase & Co. lowered their price target for ASML from $1,207.00 to $1,148.00 while maintaining an "overweight" rating. Berenberg Bank upgraded ASML to a "strong-buy" rating in a research note dated October 2nd. Conversely, Sanford C. Bernstein revised their price objective downward from $815.00 to $767.00 while also assigning an "outperform" rating on November 29th. Wells Fargo & Company raised their price target from $790.00 to $860.00, maintaining an "overweight" rating as of January 13th. Finally, Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00, giving the stock a "positive" rating as of October 11th. Currently, three analysts give ASML a hold rating, nine recommend buying, and two rate it as a strong buy. According to data compiled by MarketBeat, ASML's consensus rating stands at "Moderate Buy" with an average target price of $955.50.

About ASML Holding N.V.

(Free Report)

ASML Holding N.V. is a leader in developing, producing, marketing, selling, and servicing advanced semiconductor equipment systems for chip manufacturers. Its offerings include state-of-the-art semiconductor equipment systems such as lithography, metrology, and inspection systems. Moreover, ASML provides extreme ultraviolet lithography systems and deep ultraviolet lithography systems, encompassing immersion and dry lithography solutions for producing a wide range of semiconductor technologies and nodes.

investment, ASML, semiconductors