1900 Wealth Management LLC Increases Position in ASML Holding (NASDAQ:ASML)

1900 Wealth Management LLC raised its position in ASML Holding (NASDAQ:ASML) by 13.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 617 shares of the semiconductor company’s stock after purchasing an additional 75 shares during the period. 1900 Wealth Management LLC’s holdings in ASML were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Carmel Capital Partners LLC increased its position in shares of ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares during the last quarter. Addison Advisors LLC grew its position in shares of ASML by 220.0% in the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 33 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of ASML in the 4th quarter valued at $44,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of ASML by 35.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 17 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on ASML shares. Cantor Fitzgerald started coverage on shares of ASML in a research report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. HSBC began coverage on shares of ASML in a research report on Thursday, February 22nd. They issued a “buy” rating on the stock. Raymond James raised their price objective on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI began coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Susquehanna raised their target price on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Trading Up 2.3 %

ASML stock traded up $20.31 on Tuesday, hitting $892.36. 328,978 shares of the company were exchanged, compared to its average volume of 1,239,760. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,056.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The business’s fifty day moving average is $957.04 and its two-hundred day moving average is $798.76. The stock has a market capitalization of $352.12 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 2.11 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. As a group, research analysts forecast that ASML Holding will post 20.31 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is 27.02%.

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.