Focus Financial Network Inc. Increases Position in ASML Holding (NASDAQ:ASML)

Focus Financial Network Inc. grew its holdings in ASML Holding (NASDAQ:ASML) by 154.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 644 shares of the semiconductor company’s stock after buying an additional 391 shares during the period. Focus Financial Network Inc.’s holdings in ASML were worth $446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MADDEN SECURITIES Corp raised its holdings in shares of ASML by 8.8% in the fourth quarter. MADDEN SECURITIES Corp now owns 4,780 shares of the semiconductor company’s stock valued at $3,313,000 after buying an additional 385 shares during the last quarter. Principle Wealth Partners LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $1,903,000. Soltis Investment Advisors LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $3,899,000. Thomas Story & Son LLC raised its holdings in shares of ASML by 2.8% in the fourth quarter. Thomas Story & Son LLC now owns 4,518 shares of the semiconductor company’s stock valued at $3,131,000 after buying an additional 123 shares during the last quarter. Finally, XY Capital Ltd increased its stake in shares of ASML by 514.1% during the fourth quarter. XY Capital Ltd now owns 1,959 shares of the semiconductor company’s stock worth $1,358,000 after acquiring an additional 1,640 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. BNP Paribas assumed coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein dropped their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Three research 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’s stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $937.00.

ASML Trading Up 2.8 %

Shares of ASML opened at $776.99 on Friday. 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 firm’s 50-day moving average is $727.20 and its two-hundred day moving average is $764.22. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The firm has a market capitalization of $305.68 billion, a P/E ratio of 37.36, a PEG ratio of 1.63 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its quarterly 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, research analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th will be given a $1.5855 dividend. The ex-dividend date is Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is currently 26.83%.

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.