Bourgeon Capital Management LLC Invests $3.47 Million in ASML Holding (NASDAQ:ASML)

Bourgeon Capital Management LLC acquired a new position in ASML Holding (NASDAQ:ASML) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,010 shares of the semiconductor company’s stock, valued at approximately $3,472,000.

A number of other hedge funds have also bought and sold shares of the business. Carnegie Investment Counsel boosted its position in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after acquiring an additional 868 shares during the period. Central Pacific Bank Trust Division bought a new position in ASML in the 4th quarter valued at $1,174,000. Taurus Asset Management LLC bought a new position in ASML in the 3rd quarter valued at $16,994,000. State Street Corp increased its holdings in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. increased its holdings in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. BNP Paribas started coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Berenberg Bank upgraded shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $955.50.

ASML Stock Performance

NASDAQ ASML opened at $763.00 on Wednesday. The firm has a market cap of $300.18 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.35 and a beta of 1.47. The company has a 50-day simple moving average of $708.41 and a two-hundred day simple moving average of $793.15. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

ASML Profile

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.