Old West Investment Management LLC Buys New Stake in ASML Holding (NASDAQ:ASML)

Old West Investment Management LLC purchased a new position in ASML Holding (NASDAQ:ASML) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,250 shares of the semiconductor company’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ASML. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ASML by 56.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 565 shares of the semiconductor company’s stock valued at $471,000 after buying an additional 205 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ASML by 36.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,799 shares of the semiconductor company’s stock valued at $5,665,000 after purchasing an additional 1,830 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in ASML by 6.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,332 shares of the semiconductor company’s stock worth $1,943,000 after purchasing an additional 148 shares during the last quarter. IHT Wealth Management LLC raised its stake in ASML by 28.2% during the third quarter. IHT Wealth Management LLC now owns 1,373 shares of the semiconductor company’s stock valued at $1,139,000 after purchasing an additional 302 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in ASML during the third quarter valued at $52,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASML. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on 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. Finally, Wells Fargo & Company raised their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Two equities research 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

ASML Price Performance

ASML opened at $605.55 on Friday. The business has a fifty day moving average of $716.73 and a 200 day moving average of $726.98. The stock has a market cap of $238.24 billion, a P/E ratio of 29.11, a PEG ratio of 1.62 and a beta of 1.67. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 52-week low of $597.69 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results 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, sell-side analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a dividend of $1.5855 per share. The ex-dividend date is Monday, April 28th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is 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.