Canvas Wealth Advisors LLC Has $2.10 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Canvas Wealth Advisors LLC lifted its holdings in shares of ASML Holding (NASDAQ:ASML) by 590.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,032 shares of the semiconductor company’s stock after acquiring an additional 2,593 shares during the period. Canvas Wealth Advisors LLC’s holdings in ASML were worth $2,102,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brookstone Capital Management raised its stake in ASML by 2.8% during the third quarter. Brookstone Capital Management now owns 1,025 shares of the semiconductor company’s stock worth $854,000 after acquiring an additional 28 shares in the last quarter. CWM LLC increased its position in ASML by 5.4% during the 3rd quarter. CWM LLC now owns 2,044 shares of the semiconductor company’s stock worth $1,703,000 after purchasing an additional 105 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in ASML by 14.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 2,046 shares of the semiconductor company’s stock valued at $1,705,000 after purchasing an additional 259 shares during the last quarter. Meyer Handelman Co. acquired a new stake in ASML in the third quarter valued at approximately $437,000. Finally, Carnegie Investment Counsel grew its stake in shares of ASML by 5.5% during the third quarter. Carnegie Investment Counsel now owns 1,260 shares of the semiconductor company’s stock worth $1,050,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Down 1.5 %

ASML stock opened at $727.70 on Monday. The firm has a 50 day moving average price of $725.13 and a two-hundred day moving average price of $766.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The firm has a market cap of $286.29 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.63 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Equities analysts predict that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be paid a dividend of $1.5855 per share. The ex-dividend date is Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 26.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Profile

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.