Benin Management CORP Buys Shares of 2,499 ASML Holding (NASDAQ:ASML)

Benin Management CORP purchased a new stake in shares of ASML Holding (NASDAQ:ASML) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,499 shares of the semiconductor company’s stock, valued at approximately $1,732,000. ASML makes up about 0.5% of Benin Management CORP’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also modified their holdings of the company. Fairway Wealth LLC purchased a new stake in ASML in the third quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the third quarter valued at about $28,000. Fortitude Family Office LLC raised its position in shares of ASML by 46.9% in 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. Albion Financial Group UT boosted its stake in ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 32 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in ASML during the 4th quarter worth approximately $42,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

Shares of NASDAQ ASML opened at $732.25 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The stock has a market capitalization of $288.08 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.39 and a beta of 1.47. The firm’s 50 day simple moving average is $713.22 and its 200-day simple moving average is $790.48. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09.

Analyst Upgrades and Downgrades

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

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.