Biondo Investment Advisors LLC Reduces Holdings in ASML Holding (NASDAQ:ASML)

Biondo Investment Advisors LLC trimmed its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,594 shares of the semiconductor company's stock after selling 1,457 shares during the quarter. Biondo Investment Advisors LLC's holdings in ASML were worth $4,570,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in ASML by 8.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,565 shares of the semiconductor company's stock valued at $1,085,000 after buying an additional 128 shares in the last quarter. Ramirez Asset Management Inc. increased its position in ASML by 0.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 7,369 shares of the semiconductor company's stock worth $5,107,000 after purchasing an additional 56 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in ASML by 151.1% during the fourth quarter. Frazier Financial Advisors LLC now owns 226 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 136 shares during the period. X Square Capital LLC acquired a new position in ASML in the 4th quarter valued at about $832,000. Finally, Easterly Investment Partners LLC purchased a new stake in shares of ASML in the 4th quarter valued at approximately $696,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASML has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report 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 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and an average target price of $937.00.

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ASML Stock Up 0.5 %

NASDAQ ASML traded up $3.33 during trading hours on Tuesday, hitting $665.96. 557,885 shares of the company were exchanged, compared to its average volume of 1,554,405. 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 firm has a market cap of $262.00 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.62 and a beta of 1.54. The company has a 50 day moving average of $725.59 and a two-hundred day moving average of $730.56. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts' consensus estimates 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 firm also recently declared a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be issued a dividend of $1.5855 per share. This is an increase from ASML's previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML's payout ratio is 31.35%.

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.