Clearstead Trust LLC Invests $179,000 in ASML Holding (NASDAQ:ASML)

Clearstead Trust LLC purchased a new stake in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 258 shares of the semiconductor company’s stock, valued at approximately $179,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi boosted its stake in ASML by 4,880.5% in the fourth quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after acquiring an additional 328,552 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ASML during the fourth quarter worth $175,257,000. Fisher Funds Management LTD bought a new stake in ASML in the fourth quarter valued at about $137,386,000. SG Americas Securities LLC lifted its stake in ASML by 281.3% in the fourth quarter. SG Americas Securities LLC now owns 156,693 shares of the semiconductor company’s stock valued at $108,601,000 after buying an additional 115,603 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in ASML by 126.4% during the third quarter. Westfield Capital Management Co. LP now owns 148,377 shares of the semiconductor company’s stock worth $123,635,000 after buying an additional 82,836 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price 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 for the company in a report on Thursday, January 30th. Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Finally, Wells Fargo & Company boosted their target price 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

Shares of ASML stock opened at $714.00 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market cap of $280.90 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock’s 50-day moving average is $733.01 and its 200-day moving average is $740.87.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share 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 analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

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

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.