Glassman Wealth Services boosted its holdings in shares of ASML Holding (NASDAQ:ASML – Get Rating) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237 shares of the semiconductor company’s stock after buying an additional 27 shares during the quarter. Glassman Wealth Services’ holdings in ASML were worth $158,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Covestor Ltd bought a new stake in ASML during the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new stake in ASML during the fourth quarter valued at approximately $47,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in ASML during the fourth quarter valued at approximately $57,000. Winch Advisory Services LLC grew its position in ASML by 322.2% during the fourth quarter. Winch Advisory Services LLC now owns 76 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 58 shares during the period. Finally, Benjamin Edwards Inc. grew its position in ASML by 168.6% during the fourth quarter. Benjamin Edwards Inc. now owns 94 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 59 shares during the period. Institutional investors own 25.91% of the company’s stock.
A number of equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of ASML in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company decreased their target price on shares of ASML from $975.00 to $750.00 and set an “overweight” rating on the stock in a research note on Monday, April 18th. Societe Generale decreased their target price on shares of ASML from €800.00 ($842.11) to €710.00 ($747.37) and set a “buy” rating on the stock in a research note on Monday, April 25th. Credit Suisse Group raised their target price on shares of ASML from €945.00 ($994.74) to €960.00 ($1,010.53) and gave the stock an “outperform” rating in a research note on Thursday, April 21st. Finally, Piper Sandler decreased their target price on shares of ASML from €767.00 ($807.37) to €630.00 ($663.16) in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $813.50.
ASML (NASDAQ:ASML – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The semiconductor company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $1.89 by $1.70. The business had revenue of $3.53 billion during the quarter, compared to analysts’ expectations of $3.48 billion. ASML had a return on equity of 54.58% and a net margin of 31.56%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 EPS. As a group, research analysts predict that ASML Holding will post 17.54 EPS for the current fiscal year.
The company also recently declared a semi-annual dividend, which was paid on Thursday, May 12th. Shareholders of record on Wednesday, May 4th were issued a dividend of $4.1903 per share. This represents a yield of 0.01468%. The ex-dividend date of this dividend was Tuesday, May 3rd. This is a boost from ASML’s previous semi-annual dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 39.80%.
About ASML (Get Rating)
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company 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.
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