Bleakley Financial Group LLC Reduces Holdings in ASML Holding (NASDAQ:ASML)

Bleakley Financial Group LLC lessened its position in shares of ASML Holding (NASDAQ:ASML) by 11.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,505 shares of the semiconductor company’s stock after selling 819 shares during the quarter. Bleakley Financial Group LLC’s holdings in ASML were worth $4,508,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. grew its holdings in shares of ASML by 24.5% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 12 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in ASML by 21.2% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 14 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in ASML by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 14 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock worth $2,223,000 after purchasing an additional 14 shares during the period. Finally, Trust Point Inc. lifted its position in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after purchasing an additional 14 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein cut their target price 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. JPMorgan Chase & Co. lowered their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company increased their price target 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 ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Finally, BNP Paribas started coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target of $937.00.

ASML Trading Up 1.5 %

NASDAQ:ASML opened at $742.59 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The stock’s 50 day moving average price is $721.49 and its 200 day moving average price is $769.85. The company has a market capitalization of $292.15 billion, a PE ratio of 35.70, a P/E/G ratio of 1.62 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that ASML Holding will post 25.31 EPS for the current year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be issued a dividend of $1.5855 per share. 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 (DPR) 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.