Deepwater Asset Management LLC Acquires 20,837 Shares of ASML Holding (NASDAQ:ASML)

Deepwater Asset Management LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML - Free Report) by 1,165.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,625 shares of the semiconductor company's stock after acquiring an additional 20,837 shares during the quarter. ASML accounts for approximately 5.1% of Deepwater Asset Management LLC's investment portfolio, making the stock its 7th largest position. Deepwater Asset Management LLC's holdings in ASML were worth $15,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ASML. Carnegie Investment Counsel grew its position in ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after acquiring an additional 868 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of ASML during the fourth quarter worth about $1,174,000. Taurus Asset Management LLC acquired a new position in shares of ASML in the third quarter valued at approximately $16,994,000. State Street Corp raised its holdings in ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company's stock valued at $117,323,000 after buying an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. boosted its position in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company's stock worth $12,800,000 after buying an additional 1,032 shares during the period. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on ASML. Wells Fargo & Company upped 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. BNP Paribas initiated coverage on ASML in a research report on Tuesday, December 3rd. They set an "outperform" rating and a $858.00 target price for the company. JPMorgan Chase & Co. cut their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a report on Thursday. DZ Bank raised ASML from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Susquehanna cut their price objective on ASML from $1,300.00 to $1,100.00 and set a "positive" rating on the stock in a research note on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, ASML currently has a consensus rating of "Moderate Buy" and an average price target of $937.00.

ASML Trading Up 0.3 %

Shares of ASML stock opened at $739.31 on Monday. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a 50 day simple moving average of $719.37 and a two-hundred day simple moving average of $773.48. The company has a market cap of $290.86 billion, a P/E ratio of 35.54, a PEG ratio of 2.25 and a beta of 1.47.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data 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 net margin of 26.78% and a return on equity of 50.53%. Research analysts forecast that ASML Holding will post 25.07 earnings per share for the current year.

ASML Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a dividend of $1.6414 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $6.57 dividend on an annualized basis and a dividend yield of 0.89%. ASML's dividend payout ratio (DPR) is presently 26.83%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.