Benin Management CORP Makes New $1.73 Million Investment in ASML Holding (NASDAQ:ASML)

Benin Management CORP bought a new stake in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,499 shares of the semiconductor company’s stock, valued at approximately $1,732,000. ASML makes up approximately 0.5% of Benin Management CORP’s holdings, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Carnegie Investment Counsel boosted its holdings in shares of ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the period. Central Pacific Bank Trust Division purchased a new position in ASML during the fourth quarter worth $1,174,000. Taurus Asset Management LLC bought a new position in ASML during the third quarter valued at $16,994,000. State Street Corp raised its stake 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 valued at $117,323,000 after acquiring an additional 7,010 shares during the period. Finally, Stockman Wealth Management Inc. lifted its holdings in shares of ASML by 7.2% in the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after acquiring an additional 1,032 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASML. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Susquehanna decreased 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. Finally, Sanford C. Bernstein cut their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $955.50.

ASML Stock Performance

ASML stock opened at $732.25 on Friday. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The business has a 50-day moving average price of $713.22 and a 200 day moving average price of $790.48. The company has a market capitalization of $288.08 billion, a P/E ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84.

About ASML

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.