Capital Wealth Planning LLC has significantly increased its stake in ASML Holding N.V., raising its holdings by 34.4% during the third quarter of 2023. According to the firm’s recent 13F filing with the U.S. Securities and Exchange Commission, the investment firm now owns 10,064 shares of the semiconductor manufacturer, which are valued at approximately $9.74 million.
This increase follows a purchase of an additional 2,578 shares in the last quarter. ASML, listed on NASDAQ under the ticker symbol ASML, has seen a wave of interest from institutional investors, reflecting growing confidence in the company’s market position.
Other institutional investors have also adjusted their holdings in ASML during the third quarter. Notably, Capital International Investors increased its share count by 17.3%, acquiring an additional 577,448 shares. The firm now holds 3,919,154 shares valued at approximately $3.79 billion. Meanwhile, Arrowstreet Capital Limited Partnership entered a new position valued at roughly $505.51 million, and Regents of The University of California also established a new stake worth about $413.34 million.
WCM Investment Management LLC boosted its holdings by 24.9%, now owning 1,933,748 shares valued at around $1.86 billion. Van ECK Associates Corp also increased its position by 16.6%, bringing its total to 2,148,506 shares, valued at approximately $2.08 billion. Collectively, institutional investors own 26.07% of ASML’s stock.
ASML’s stock opened at $1,345.69 on Friday, showing a slight decline of 0.4%. The company’s fifty-day moving average stands at $1,380.42, while its two-hundred-day moving average is $1,125.60. With a market capitalization of $529.23 billion, ASML exhibits a price-to-earnings ratio of 52.12 and a PEG ratio of 1.30.
The company has experienced significant fluctuations in its stock price over the past year, with a low of $578.51 and a high of $1,547.22. Analysts have responded positively to ASML’s performance, with several institutions reaffirming or issuing new ratings.
Analysts’ Perspectives and Future Outlook
Numerous analysts have weighed in on ASML’s stock, highlighting its potential for growth. Cantor Fitzgerald reaffirmed an “overweight” rating, while TD Cowen and The Goldman Sachs Group issued “buy” ratings earlier this year. Deutsche Bank and Citigroup followed suit, each maintaining a “buy” rating.
Currently, two analysts classify ASML as a Strong Buy, while twenty-one recommend a Buy rating. Six analysts have assigned a Hold rating, and two have issued Sell ratings. According to data from MarketBeat, the average rating for ASML stands at “Moderate Buy,” with a consensus price target of $1,475.00.
About ASML Holding N.V.
ASML Holding N.V., headquartered in Veldhoven, Netherlands, is a leading supplier of photolithography systems used in semiconductor manufacturing. The company specializes in developing and servicing advanced equipment that enables semiconductor manufacturers to create intricate circuits on silicon wafers.
ASML is particularly renowned for its cutting-edge extreme ultraviolet (EUV) lithography technology, as well as its deep ultraviolet (DUV) platforms utilized across various manufacturing processes. Its extensive product portfolio includes lithography machines, light sources, imaging optics, control software, spare parts, and field services.
With a reputation for innovation and leadership in the semiconductor industry, ASML continues to attract significant investment from institutional stakeholders, reflecting strong confidence in its long-term growth prospects.
