Parsons Capital Management Inc. RI Sells 1,700 Shares of ASML Holding (NASDAQ:ASML)

Parsons Capital Management Inc. RI lowered its holdings in shares of ASML Holding (NASDAQ:ASML) by 53.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,459 shares of the semiconductor company’s stock after selling 1,700 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in ASML were worth $1,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter valued at about $25,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML in the 3rd quarter valued at approximately $28,000. Fortitude Family Office LLC increased its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the last quarter. Brooklyn Investment Group purchased a new stake in ASML during the 3rd quarter valued at $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in ASML in the third quarter worth $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML opened at $690.15 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $714.70 and its 200-day simple moving average is $783.98. The company has a market capitalization of $271.52 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 2.39 and a beta of 1.47. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Susquehanna dropped their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Sanford C. Bernstein reduced their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced 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. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $946.60.

ASML Company 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.