Manhattan West Asset Management LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,204 shares of the semiconductor company's stock after acquiring an additional 1,333 shares during the quarter. Manhattan West Asset Management LLC's holdings in ASML were worth $3,607,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Carnegie Investment Counsel grew its position in shares of ASML by 68.9% during the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock valued at $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in ASML in the 4th quarter worth approximately $1,174,000. State Street Corp raised its holdings in shares of ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company's stock worth $117,323,000 after acquiring an additional 7,010 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of ASML by 36.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock valued at $18,243,000 after acquiring an additional 7,073 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of ASML by 12.2% in the fourth quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company's stock valued at $6,764,000 after purchasing an additional 1,062 shares in the last quarter. Institutional investors own 26.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ASML. Wells Fargo & Company boosted their target price on shares of ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a report on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. Finally, DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and a consensus target price of $937.00.
Read Our Latest Report on ASML
ASML Stock Up 1.5 %
Shares of ASML stock traded up $10.29 on Tuesday, hitting $683.16. The stock had a trading volume of 2,089,223 shares, compared to its average volume of 1,627,938. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a one year low of $578.51 and a one year high of $1,110.09. The business has a 50 day moving average price of $704.82 and a 200 day moving average price of $716.86. The company has a market cap of $268.77 billion, a PE ratio of 32.84, a P/E/G ratio of 1.62 and a beta of 1.67.
ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS 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%. Research analysts anticipate that ASML Holding will post 25.17 earnings per share for the current fiscal year.
ASML Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be given a $1.5855 dividend. This is a boost from ASML's previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML's dividend payout ratio (DPR) is presently 31.35%.
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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