Chronos Wealth Management LLC Invests $4.49 Million in ASML Holding (NASDAQ:ASML)

Chronos Wealth Management LLC bought a new stake in shares of ASML Holding (NASDAQ:ASML) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,474 shares of the semiconductor company’s stock, valued at approximately $4,487,000. ASML makes up about 2.3% of Chronos Wealth Management LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC boosted its holdings in ASML by 14.8% during the fourth quarter. Apollon Wealth Management LLC now owns 8,002 shares of the semiconductor company’s stock worth $5,546,000 after buying an additional 1,034 shares in the last quarter. Vest Financial LLC boosted its stake in ASML by 37.1% in the fourth quarter. Vest Financial LLC now owns 735 shares of the semiconductor company’s stock worth $509,000 after purchasing an additional 199 shares in the last quarter. BayBridge Capital Group LLC boosted its position in shares of ASML by 4.3% in the 4th quarter. BayBridge Capital Group LLC now owns 1,330 shares of the semiconductor company’s stock worth $922,000 after purchasing an additional 55 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in shares of ASML in the 4th quarter valued at approximately $1,363,000. Finally, Golden State Wealth Management LLC acquired a new position in ASML during the fourth quarter worth $67,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML opened at $727.70 on Friday. The firm has a fifty day moving average of $724.31 and a 200-day moving average of $769.45. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a market cap of $286.29 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last announced 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 return on equity of 47.73% and a net margin of 26.78%. As a group, equities analysts anticipate that ASML Holding will post 25.31 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be issued a dividend of $1.5855 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is 25.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ASML shares. Susquehanna decreased their price target 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. Sanford C. Bernstein cut their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. Wells Fargo & Company lifted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Finally, BNP Paribas initiated coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $937.00.

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.