Connable Office Inc. Has $1.03 Million Stake in ASML Holding (NASDAQ:ASML)

Connable Office Inc. decreased its position in shares of ASML Holding (NASDAQ:ASML) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,492 shares of the semiconductor company’s stock after selling 28 shares during the period. Connable Office Inc.’s holdings in ASML were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC increased its holdings in shares of ASML by 57.3% during the fourth quarter. Jacobi Capital Management LLC now owns 1,711 shares of the semiconductor company’s stock worth $1,186,000 after buying an additional 623 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of ASML during the fourth quarter worth approximately $877,000. Sentinel Trust Co. LBA increased its holdings in shares of ASML by 17.4% during the fourth quarter. Sentinel Trust Co. LBA now owns 2,719 shares of the semiconductor company’s stock worth $1,884,000 after buying an additional 403 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in shares of ASML during the fourth quarter worth approximately $245,000. Finally, QRG Capital Management Inc. increased its holdings in shares of ASML by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 26,679 shares of the semiconductor company’s stock worth $18,491,000 after buying an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ASML. BNP Paribas began coverage on shares of 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. decreased their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $937.00.

ASML Price Performance

Shares of ASML stock opened at $708.71 on Friday. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The stock has a market cap of $278.82 billion, a PE ratio of 34.07, a PEG ratio of 1.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The firm’s 50 day moving average price is $733.15 and its two-hundred day moving average price is $754.88.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, analysts forecast that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were given a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s dividend payout ratio (DPR) is currently 31.35%.

ASML Company 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.