Zweig DiMenna Associates LLC Reduces Stake in ASML Holding

Zweig DiMenna Associates LLC has significantly reduced its holdings in ASML Holding (NASDAQ:ASML) by 66.7% during the fourth quarter, as detailed in the company's recent 13F filing with the Securities and Exchange Commission. After selling 5,250 shares, the institutional investor now owns 2,623 shares of ASML's stock, which is valued at approximately $1,818,000 according to the latest filing.

A number of other investment firms have also made changes to their positions in ASML. Berbice Capital Management LLC initiated a new stake in ASML during the fourth quarter, investing around $342,000. Meanwhile, Veracity Capital LLC increased its stake by 8.9% during the same period, resulting in a total of 563 shares worth $390,000 after purchasing an additional 46 shares. Secure Asset Management LLC also acquired a new position in ASML for approximately $250,000. In a notable move, Galvin Gaustad & Stein LLC expanded its holdings by an impressive 7,081.1%, owning 21,615 shares valued at $14,981,000 after acquiring 21,314 shares during the fourth quarter. Goldstein Advisors LLC also purchased a new stake in ASML worth about $213,000. As of now, hedge funds and other institutional investors own 26.07% of ASML stock.

Recent Performance of ASML Stock

On Friday, ASML shares opened at $744.83. Over the past year, the stock has seen a low of $645.45 and a high of $1,110.09. The company maintains a healthy debt-to-equity ratio of 0.29, along with a current ratio of 1.55 and a quick ratio of 0.84. The stock's 50-day simple moving average stands at $712.16, while the 200-day simple moving average is $790.79. ASML currently has a market capitalization of $293.03 billion, a price-to-earnings (P/E) ratio of 39.00, a price-to-earnings-growth (P/E/G) ratio of 2.39, and a beta of 1.47.

Analysts View on ASML

Several market analysts have shared their outlook on ASML recently. Berenberg Bank upgraded ASML shares to a "strong-buy" rating on October 2nd. In a downgrade, Susquehanna reduced their target price from $1,300.00 to $1,100.00 while maintaining a "positive" rating for ASML on October 11th. Likewise, Sanford C. Bernstein lowered their price target from $815.00 to $767.00 but continued to rate it as "outperform". Wells Fargo & Company raised ASML's target price from $790.00 to $860.00, giving it an "overweight" rating on January 13th. Additionally, BNP Paribas began coverage with an "outperform" rating, setting a target price of $858.00. Currently, three analysts suggest holding the stock, eight analysts recommend buying, and two analysts advocate a strong buy. Overall, ASML has a consensus rating of "Moderate Buy" with an average target price of $955.50.

About ASML Holding N.V.

ASML Holding N.V. is engaged in the development, production, marketing, sale, and servicing of advanced semiconductor equipment systems for chipmakers. The company provides a range of equipment systems, including lithography, metrology, and inspection systems. ASML is known for its extreme ultraviolet (EUV) lithography systems and deep ultraviolet (DUV) lithography technologies, which are essential for manufacturing various types of semiconductor technologies.

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