Wealthfront Advisers LLC Invests $622,000 in ASML Holding N.V. $ASML

Wealthfront Advisers LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 581 shares of the semiconductor company’s stock, valued at approximately $622,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in ASML in the third quarter worth approximately $25,000. City Holding Co. acquired a new stake in ASML in the third quarter worth approximately $26,000. Binnacle Investments Inc lifted its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Wealth Watch Advisors INC acquired a new stake in ASML in the third quarter worth approximately $34,000. Finally, JPL Wealth Management LLC acquired a new stake in ASML in the third quarter worth approximately $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,386.21 on Tuesday. The company’s fifty day moving average is $1,399.33 and its two-hundred day moving average is $1,250.24. The company has a quick ratio of 0.78, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. ASML Holding N.V. has a 12-month low of $675.50 and a 12-month high of $1,547.22. The company has a market cap of $545.17 billion, a P/E ratio of 49.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.81.

Analysts Set New Price Targets

Several research analysts have issued reports on ASML shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $1,750.00 price target on shares of ASML in a report on Thursday, April 16th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a report on Monday, April 13th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, April 15th. Royal Bank Of Canada upped their price target on ASML from $1,625.00 to $1,700.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Thursday, April 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,504.38.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.