Brasada Capital Management LP Makes New $3.10 Million Investment in ASML Holding (NASDAQ:ASML)

Brasada Capital Management LP purchased a new stake in shares of ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,263 shares of the semiconductor company's stock, valued at approximately $3,101,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kennebec Savings Bank increased its holdings in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 25 shares in the last quarter. Wellington Shields & Co. LLC grew its stake in ASML by 740.0% in the fourth quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 37 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of ASML in the 4th quarter worth approximately $31,000. Albion Financial Group UT grew its stake 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 purchasing an additional 32 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of ASML during the fourth quarter worth $39,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML stock traded up $17.02 during mid-day trading on Thursday, reaching $675.00. The stock had a trading volume of 1,767,195 shares, compared to its average volume of 1,637,492. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $688.72 and a 200 day simple moving average of $708.52. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09. The company has a market cap of $265.56 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, topping analysts' consensus estimates of $6.12 by $0.19. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $7.90 billion. ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, sell-side analysts anticipate that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a $1.5855 dividend. This is a positive change from ASML's previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML's payout ratio is currently 27.48%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ASML shares. Wells Fargo & Company dropped their price target on ASML from $860.00 to $840.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on 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, Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $906.00.

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.