Westend Capital Management LLC Invests $7.03 Million in ASML Holding

Westend Capital Management LLC has taken a new position in ASML Holding (NASDAQ:ASML) in the fourth quarter, as detailed in their recent 13F filing with the Securities and Exchange Commission. This institutional investor acquired 10,138 shares of the semiconductor company's stock, which is valued at approximately $7,026,000. This investment represents 2.1% of Westend Capital's overall holdings, making ASML their 22nd largest position.

Investment Activities

In addition to Westend Capital Management, various other hedge funds and institutional investors have also recently engaged in trading ASML's shares. For example, Fairway Wealth LLC initiated a new position during the third quarter, investing around $25,000. Resources Management Corp CT ADV also acquired shares in ASML in the second quarter, valued at approximately $26,000. Milestone Investment Advisors LLC made a new investment worth about $28,000 in ASML during the third quarter. Fortitude Family Office LLC increased its investment in ASML by 46.9%, now holding 47 shares valued at around $39,000 after acquiring an additional 15 shares during that timeframe. Brooklyn Investment Group similarly entered the ASML arena in the third quarter, establishing a stake valued at approximately $43,000. Collectively, institutional investors own about 26.07% of ASML’s stock.

ASML Stock Performance

As of the latest trading session, ASML shares opened at $756.33. The company boasts a market capitalization of $297.56 billion with a PE ratio of 39.60 and a P/E/G ratio of 2.30, along with a beta of 1.47. Over the past year, ASML's stock has ranged from a low of $645.45 to a high of $1,110.09. The company's fifty-day simple moving average stands at $704.98, while the two-hundred day moving average is $800.97. Additionally, ASML has a quick ratio of 0.84, a current ratio of 1.55, and a debt-to-equity ratio of 0.29.

Earnings Report

ASML last announced its earnings results on October 15th, reporting earnings of $5.80 per share (EPS) for the quarter, outperforming the analyst consensus estimate of $5.24 by $0.56. The company generated a net margin of 26.40% and a return on equity of 47.61%. For the quarter, ASML reported revenue of $8.21 billion, surpassing analyst expectations of $7.66 billion. Analysts project that ASML will achieve an EPS of 20.57 for the current fiscal year.

Analyst Opinions

Several analysts have recently published reports regarding ASML. Wells Fargo & Company increased their target price for ASML from $790.00 to $860.00 and assigned an 'overweight' rating on January 13th. Conversely, Morgan Stanley downgraded ASML from an 'overweight' rating to 'equal weight' on September 20th. Susquehanna also revised their price target for ASML downward from $1,300.00 to $1,100.00 while maintaining a 'positive' rating. In contrast, Berenberg Bank is bullish on ASML, upgrading their stance to 'strong buy.' Lastly, JPMorgan Chase & Co. decreased their price target from $1,207.00 to $1,148.00 with an 'overweight' rating. Presently, three analysts have given a hold rating, nine have assigned a buy rating, and two rate it as a strong buy, leading to an overall average rating of 'Moderate Buy' and a consensus target price of $955.50.

About ASML Holding

ASML Holding N.V. is a major player in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems for chip manufacturers. The company provides a broad array of semiconductor equipment, including lithography, metrology, and inspection systems, alongside extreme ultraviolet (EUV) lithography systems and deep ultraviolet (DUV) lithography solutions to produce a variety of semiconductor nodes and technologies.

investment, semiconductor, stock