W.G. Shaheen & Associates DBA Whitney & Co Makes New $8.38 Million Investment in ASML Holding (NASDAQ:ASML)

W.G. Shaheen & Associates DBA Whitney & Co bought a new position in ASML Holding (NASDAQ:ASML) in the fourth quarter, HoldingsChannel.com reports. The fund bought 12,091 shares of the semiconductor company’s stock, valued at approximately $8,380,000.

A number of other large investors also recently modified their holdings of the stock. Fairway Wealth LLC bought a new position in ASML in the 3rd quarter worth approximately $25,000. Kennebec Savings Bank increased its stake in shares of ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 25 shares during the period. Milestone Investment Advisors LLC bought a new stake in shares of ASML during the third quarter worth $28,000. Fortitude Family Office LLC lifted its stake in shares of ASML by 46.9% during 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. Finally, Albion Financial Group UT boosted its holdings in ASML by 133.3% in the fourth quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 32 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

ASML opened at $737.01 on Monday. The stock has a market cap of $289.95 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.64 and a beta of 1.47. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $732.62 and a 200 day simple moving average of $758.26.

ASML (NASDAQ:ASML) last announced its quarterly 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 return on equity of 47.73% and a net margin of 26.78%. On average, research analysts expect that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a $1.5855 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is 25.67%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ASML. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.

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.