Assetmark Inc. Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Assetmark Inc. grew its stake in ASML Holding (NASDAQ:ASML) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,649 shares of the semiconductor company’s stock after buying an additional 2,299 shares during the quarter. Assetmark Inc.’s holdings in ASML were worth $22,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Steigerwald Gordon & Koch Inc. boosted its stake in shares of ASML by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 14 shares during the period. Cyndeo Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 14 shares during the period. Trust Point Inc. boosted its stake in shares of 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 buying an additional 14 shares in the last quarter. Sunpointe LLC boosted its stake in shares of ASML by 1.3% in the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock valued at $772,000 after buying an additional 14 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of ASML by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock valued at $768,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $739.75 on Thursday. The firm has a market capitalization of $291.03 billion, a P/E ratio of 35.56, a PEG ratio of 1.62 and a beta of 1.54. The stock has a fifty day moving average price of $732.90 and a 200 day moving average price of $750.03. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last announced 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 anticipate that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were given a $1.5855 dividend. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s dividend payout ratio is presently 31.35%.

Analysts Set New Price Targets

A number of analysts have commented on ASML shares. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company boosted their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Sanford C. Bernstein cut 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. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target 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.