Elevation Point Wealth Partners LLC Has $6.84 Million Holdings in ASML Holding N.V. $ASML

Elevation Point Wealth Partners LLC lifted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 413.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,176 shares of the semiconductor company’s stock after acquiring an additional 4,168 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in ASML were worth $6,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Financial Management LLC acquired a new stake in ASML in the fourth quarter valued at approximately $26,000. Binnacle Investments Inc increased its stake in shares of ASML by 78.9% during the 2nd 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 last quarter. Resources Management Corp CT ADV raised its holdings in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASML. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 4th. UBS Group reissued a “buy” rating on shares of ASML in a research report on Wednesday. Barclays restated a “buy” rating on shares of ASML in a research note on Monday, June 29th. Finally, Weiss Ratings lowered shares of ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,772.62.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,769.32 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The business’s fifty day moving average price is $1,668.56 and its two-hundred day moving average price is $1,450.06. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,999.96. The stock has a market capitalization of $695.84 billion, a price-to-earnings ratio of 63.46, a price-to-earnings-growth ratio of 1.34 and a beta of 1.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The firm had revenue of $10.15 billion for the quarter. As a group, analysts predict that ASML Holding N.V. will post 36.62 EPS for the current fiscal year.

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.