Sagespring Wealth Partners LLC Invests $966,000 in ASML Holding (NASDAQ:ASML)

Sagespring Wealth Partners LLC purchased a new stake in ASML Holding (NASDAQ:ASML - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,394 shares of the semiconductor company's stock, valued at approximately $966,000.

Several other hedge funds also recently added to or reduced their stakes in ASML. Carnegie Investment Counsel increased its stake 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 buying an additional 868 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of ASML during the fourth quarter valued at about $1,174,000. State Street Corp increased its position in shares of ASML by 5.2% during the third 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 during the last quarter. Foundations Investment Advisors LLC boosted its holdings in ASML by 36.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock valued at $18,243,000 after purchasing an additional 7,073 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in ASML by 12.2% during the 4th 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. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of NASDAQ ASML traded up $10.29 during midday trading on Tuesday, hitting $683.16. The company's stock had a trading volume of 2,095,934 shares, compared to its average volume of 1,630,186. The firm has a market cap of $268.77 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.62 and a beta of 1.67. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09. The firm's fifty day moving average price is $704.82 and its 200-day moving average price is $716.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

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ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS 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 47.73%. On average, sell-side analysts forecast that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be paid a $1.5855 dividend. This is a boost from ASML's previous dividend of $1.08. The ex-dividend date of this dividend is Monday, April 28th. ASML's dividend payout ratio (DPR) is presently 31.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $937.00.

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.