Weatherly Asset Management L. P. Raises Holdings in ASML Holding (NASDAQ:ASML)

Weatherly Asset Management L. P. lifted its holdings in shares of ASML Holding (NASDAQ:ASML) by 2.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,774 shares of the semiconductor company’s stock after acquiring an additional 278 shares during the period. ASML accounts for approximately 0.7% of Weatherly Asset Management L. P.’s holdings, making the stock its 29th biggest holding. Weatherly Asset Management L. P.’s holdings in ASML were worth $8,161,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Armstrong Advisory Group Inc. lifted its holdings in shares of ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 12 shares during the period. Steigerwald Gordon & Koch Inc. lifted its holdings in ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 14 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in ASML by 0.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after acquiring an additional 14 shares during the period. Trust Point Inc. lifted its holdings in ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 14 shares during the period. Finally, Fortitude Family Office LLC lifted its holdings in ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASML. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Sanford C. Bernstein decreased their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Three equities research 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 stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Up 2.3 %

Shares of ASML opened at $744.08 on Tuesday. 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 one year low of $645.45 and a one year high of $1,110.09. The stock has a market capitalization of $292.74 billion, a price-to-earnings ratio of 35.77, a PEG ratio of 1.63 and a beta of 1.47. The stock has a 50 day moving average price of $725.13 and a 200 day moving average price of $766.07.

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

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be issued a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Tuesday, February 11th. ASML’s dividend payout ratio is presently 26.83%.

About ASML

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.