Thurston Springer Miller Herd & Titak Inc. Increases Stake in ASML Holding

Thurston Springer Miller Herd & Titak Inc. has increased its investment in ASML Holding (NASDAQ:ASML) by 43.8% during the fourth quarter of the year. This information was disclosed in their latest 13F filing with the SEC. Following this investment, the firm now owns 1,205 shares of ASML, having purchased an additional 367 shares during this quarter. As of the latest filing, Thurston Springer Miller Herd & Titak Inc. holds shares of ASML worth approximately $835,000.

A number of other institutional investors have also made adjustments to their holdings of ASML stock. For instance, Park Avenue Securities LLC increased its stake in ASML by 7.9% during the same quarter, bringing its total holdings to 10,734 shares valued at about $7,439,000 after buying an additional 788 shares. Meanwhile, Pines Wealth Management LLC established a new position in ASML valued at around $228,000 during the fourth quarter.

Another significant player, SeaCrest Wealth Management LLC, boosted its stake in ASML by 39.0%, now having 3,233 shares worth $2,241,000 after acquiring 907 additional shares. Capstone Wealth Management Group LLC also expanded its holdings by 30.2%, resulting in ownership of 2,387 shares valued at approximately $1,654,000. Lastly, Quad Cities Investment Group LLC raised its stake by 39.2%, totaling 731 shares worth $507,000 after purchasing 206 shares in the quarter. Overall, institutional investors now own 26.07% of ASML's stock.

ASML Stock Overview

As of Thursday, NASDAQ:ASML opened trading at $726.30. The stock has seen a one-year low of $645.45 and a one-year high of $1,110.09. Financial metrics indicate that ASML holds a debt-to-equity ratio of 0.29, a current ratio of 1.55, and a quick ratio of 0.84. The company's 50-day moving average is $702.22, and its 200-day moving average is $801.85. Currently, ASML has a market capitalization of $285.74 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.07, and a beta of 1.47.

Recent Earnings and Analyst Ratings

Recently, ASML announced its quarterly earnings on October 15th, reporting earnings per share (EPS) of $5.80 for the quarter, which surpassed analysts' expectations of $5.24 by $0.56. The company achieved a net margin of 26.40% and a return on equity of 47.61%. ASML's revenue for the quarter totaled $8.21 billion, significantly exceeding the anticipated $7.66 billion. Looking ahead, analysts predict that ASML Holding will report an EPS of 20.68 for the current fiscal year.

Several research analysts have given their insights regarding ASML’s stock. Berenberg Bank recently upgraded ASML to a "strong-buy" rating. On the other hand, Sanford C. Bernstein has reduced its price target on ASML from $815.00 to $767.00 while maintaining an "outperform" rating. Wells Fargo & Company also raised its target price for ASML from $790.00 to $860.00, continuing with an "overweight" rating. Furthermore, BNP Paribas commenced coverage of ASML, assigning an "outperform" rating along with a price target of $858.00. However, Morgan Stanley downgraded ASML from an "overweight" to an "equal weight" rating. Presently, the stock has three hold ratings, nine buy ratings, and two strong buy ratings, leading to an overall consensus of "Moderate Buy" and an average target price of $955.50.

About ASML Holding

ASML Holding N.V. is a key player in the semiconductor sector, engaged in the development, production, marketing, and sale of advanced semiconductor equipment systems aimed at chip manufacturers. The company provides cutting-edge systems, including lithography, metrology, and inspection tools. Their offerings include extreme ultraviolet lithography systems and deep ultraviolet lithography solutions that cater to a wide range of semiconductor technologies and production nodes.

investment, shares, semiconductor