Elite Wealth Management Inc. Has $2.97 Million Holdings in ASML Holding (NASDAQ:ASML)

Elite Wealth Management Inc. cut its position in ASML Holding (NASDAQ:ASML) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,920 shares of the semiconductor company’s stock after selling 134 shares during the period. ASML accounts for about 0.2% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 18th biggest position. Elite Wealth Management Inc.’s holdings in ASML were worth $2,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of ASML by 3.6% during the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock worth $2,123,710,000 after purchasing an additional 126,413 shares in the last quarter. Sands Capital Management LLC lifted its holdings in ASML by 7.6% in the third quarter. Sands Capital Management LLC now owns 1,495,236 shares of the semiconductor company’s stock valued at $880,186,000 after buying an additional 105,339 shares during the period. Clearbridge Investments LLC lifted its holdings in ASML by 2.0% in the third quarter. Clearbridge Investments LLC now owns 1,214,574 shares of the semiconductor company’s stock valued at $714,971,000 after buying an additional 23,783 shares during the period. Van ECK Associates Corp lifted its holdings in ASML by 34.6% in the third quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after buying an additional 274,562 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in ASML by 27.5% in the fourth quarter. Alliancebernstein L.P. now owns 981,659 shares of the semiconductor company’s stock valued at $536,378,000 after buying an additional 211,792 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ASML has been the topic of several analyst reports. HSBC initiated coverage on shares of ASML in a report on Thursday, February 22nd. They issued a “buy” rating on the stock. Cantor Fitzgerald started coverage on shares of ASML in a report on Tuesday, January 23rd. They set an “overweight” 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 report on Thursday, January 25th. Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Five 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

Shares of ASML traded down $78.17 during midday trading on Wednesday, reaching $898.75. The stock had a trading volume of 2,603,744 shares, compared to its average volume of 1,214,130. The firm has a 50 day simple moving average of $960.95 and a 200-day simple moving average of $790.29. ASML Holding has a one year low of $563.99 and a one year high of $1,056.34. The firm has a market cap of $354.64 billion, a PE ratio of 45.42, a P/E/G ratio of 2.30 and a beta of 1.48. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 28.44% and a return on equity of 68.32%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.34 billion. As a group, sell-side analysts anticipate that ASML Holding will post 20.46 EPS for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be issued a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s payout ratio is 24.59%.

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.