Augustine Asset Management Inc. Acquires New Stake in ASML Holding (NASDAQ:ASML)

Augustine Asset Management Inc. bought a new stake in ASML Holding (NASDAQ:ASML) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,536 shares of the semiconductor company’s stock, valued at approximately $1,758,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in ASML during the third quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new position in shares of ASML in the 3rd quarter worth $28,000. Kennebec Savings Bank lifted its stake in shares of ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 25 shares in the last quarter. Fortitude Family Office LLC grew its stake in ASML by 46.9% during the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after buying an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of ASML in the third quarter worth $43,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

ASML stock opened at $752.98 on Wednesday. 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 stock has a 50 day moving average of $725.78 and a 200-day moving average of $765.23. The stock has a market cap of $296.24 billion, a P/E ratio of 36.20, a price-to-earnings-growth 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 issued 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 return on equity of 47.73% and a net margin of 26.78%. On average, analysts expect 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 given a $1.5855 dividend. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date is Tuesday, February 11th. ASML’s dividend payout ratio (DPR) is presently 26.83%.

Analysts Set New Price Targets

ASML has been the subject of a number of research reports. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Sanford C. Bernstein decreased their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Three 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 MarketBeat, the stock currently 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.