New Wave Wealth Advisors LLC Takes Position in ASML Holding (NASDAQ:ASML)

New Wave Wealth Advisors LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 163 shares of the semiconductor company’s stock, valued at approximately $113,000.

Several other institutional investors also recently added to or reduced their stakes in ASML. Fisher Asset Management LLC increased its position in ASML by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock valued at $2,654,921,000 after acquiring an additional 31,879 shares during the period. Edgewood Management LLC grew its stake in shares of ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock valued at $1,855,624,000 after purchasing an additional 70,776 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock valued at $1,464,061,000 after purchasing an additional 474,653 shares during the period. Windacre Partnership LLC raised its stake in shares of ASML by 4.0% during the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock worth $553,361,000 after purchasing an additional 25,600 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of ASML by 94,079.7% during the third quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.3 %

ASML opened at $739.31 on Friday. 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 company has a market cap of $290.86 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.25 and a beta of 1.47. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The business’s fifty day moving average is $718.04 and its two-hundred day moving average is $777.78.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 return on equity of 50.53% and a net margin of 26.78%. Analysts anticipate that ASML Holding will post 25.07 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be paid a dividend of $1.6414 per share. This represents a $6.57 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from ASML’s previous quarterly dividend of $1.41. The ex-dividend date is Monday, April 28th. ASML’s dividend payout ratio (DPR) is 26.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna lowered their price objective on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, BNP Paribas initiated coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Three investment 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. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Company 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.