Soltis Investment Advisors LLC Buys New Position in ASML Holding (NASDAQ:ASML)

Soltis Investment Advisors LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,625 shares of the semiconductor company’s stock, valued at approximately $3,899,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Carnegie Investment Counsel boosted its holdings in shares of ASML by 68.9% during the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of ASML during the 4th quarter valued at about $1,174,000. Taurus Asset Management LLC purchased a new position in shares of ASML during the 3rd quarter worth about $16,994,000. State Street Corp boosted its position in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after acquiring an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. grew its holdings in ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML opened at $727.70 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $725.13 and its two-hundred day moving average is $766.81. The firm has a market cap of $286.29 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.63 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share 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%. Analysts forecast that ASML Holding will post 25.17 EPS 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 issued a $1.5855 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s payout ratio is 26.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein cut 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. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. cut their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. BNP Paribas started coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Three equities 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. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $937.00.

ASML 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.