Forum Financial Management LP lifted its stake in ASML Holding (NASDAQ:ASML - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,789 shares of the semiconductor company's stock after purchasing an additional 607 shares during the period. Forum Financial Management LP's holdings in ASML were worth $1,933,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in ASML. Kennebec Savings Bank increased its position in shares of ASML by 227.3% during the fourth quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 25 shares during the period. Wellington Shields & Co. LLC increased its holdings in ASML by 740.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in ASML during the 4th quarter valued at $31,000. Albion Financial Group UT lifted its holdings in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company's stock worth $39,000 after buying an additional 32 shares during the period. Finally, Roxbury Financial LLC purchased a new position in shares of ASML during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 26.07% of the company's stock.
Wall Street Analysts Forecast Growth
ASML has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Susquehanna dropped their price objective 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. Wells Fargo & Company reduced their price objective on shares of ASML from $860.00 to $840.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, DZ Bank raised ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $906.00.
Check Out Our Latest Report on ASML
ASML Stock Up 3.6 %
Shares of ASML stock traded up $22.78 during trading hours on Wednesday, reaching $661.47. 1,080,244 shares of the company's stock were exchanged, compared to its average volume of 1,628,406. 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 company has a market cap of $260.24 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 1.62 and a beta of 1.67. ASML Holding has a fifty-two week low of $578.51 and a fifty-two week high of $1,110.09. The stock's 50 day moving average is $692.12 and its 200-day moving average is $709.86.
ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 EPS for the quarter, beating analysts' consensus estimates of $6.12 by $0.19. ASML had a return on equity of 47.73% and a net margin of 26.78%. The company had revenue of $8.77 billion during the quarter, compared to analysts' expectations of $7.90 billion. Analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.
ASML Increases Dividend
The business also recently declared a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be paid a dividend of $1.5855 per share. This is a positive change from ASML's previous dividend of $1.08. The ex-dividend date of this dividend is Monday, April 28th. ASML's dividend payout ratio is presently 27.48%.
About ASML
(
Free Report)
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.
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