Mission Wealth Management LP Cuts Stake in ASML Holding (NASDAQ:ASML)

Mission Wealth Management LP decreased its position in ASML Holding (NASDAQ:ASML - Free Report) by 48.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,694 shares of the semiconductor company's stock after selling 2,521 shares during the period. Mission Wealth Management LP's holdings in ASML were worth $1,867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of ASML by 1.0% in the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company's stock worth $2,654,921,000 after purchasing an additional 31,879 shares during the last quarter. Edgewood Management LLC increased its holdings in ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company's stock worth $1,855,624,000 after buying an additional 70,776 shares in the last quarter. Van ECK Associates Corp raised its position in ASML by 1.8% in the 4th quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company's stock worth $1,239,421,000 after buying an additional 31,231 shares during the last quarter. Windacre Partnership LLC lifted its stake in ASML by 4.0% during the 3rd quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company's stock valued at $553,361,000 after acquiring an additional 25,600 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of ASML by 14.2% during the 3rd quarter. Citigroup Inc. now owns 402,758 shares of the semiconductor company's stock valued at $335,598,000 after acquiring an additional 50,115 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ASML has been the subject of several research reports. Wells Fargo & Company boosted 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. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein dropped their target price on ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $937.00.

ASML Stock Performance

NASDAQ:ASML traded up $28.46 during mid-day trading on Wednesday, hitting $736.68. 1,218,488 shares of the company traded hands, compared to its average volume of 1,512,282. 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 stock's fifty day moving average price is $732.50 and its 200-day moving average price is $750.10. The firm has a market cap of $289.83 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data 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%. Research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were paid a $1.5855 dividend. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML's previous dividend of $1.08. ASML's dividend payout ratio is 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.