Drive Wealth Management LLC Increases Position in ASML Holding (NASDAQ:ASML)

Drive Wealth Management LLC grew its holdings in ASML Holding (NASDAQ:ASML) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 701 shares of the semiconductor company’s stock after acquiring 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 quarter.

Other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of ASML during the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC acquired a new stake in ASML during the third quarter worth about $28,000. Fortitude Family Office LLC raised its stake in ASML by 46.9% during the third 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. Albion Financial Group UT boosted its holdings in ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 32 shares during the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in shares of ASML in the 4th quarter valued at approximately $42,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $732.25 on Monday. The firm has a market cap of $288.08 billion, a P/E ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock’s 50 day moving average price is $714.70 and its 200 day moving average price is $786.18. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Sanford C. Bernstein reduced their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Susquehanna reduced their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research note on Friday, October 11th. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Wells Fargo & Company boosted their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Three equities research 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $946.60.

About ASML

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.