CNB Bank Acquires 159 Shares of ASML Holding (NASDAQ:ASML)

CNB Bank grew its holdings in ASML Holding (NASDAQ:ASML) by 56.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 440 shares of the semiconductor company’s stock after purchasing an additional 159 shares during the period. CNB Bank’s holdings in ASML were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Carmel Capital Partners LLC increased its position in ASML by 200.0% during the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 30 shares during the last quarter. Addison Advisors LLC increased its position in shares of ASML by 220.0% during the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 15 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in shares of ASML by 35.4% in the third quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock worth $38,000 after buying an additional 17 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in ASML during the second quarter valued at approximately $39,000. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML traded down $29.49 during trading hours on Friday, reaching $859.54. 2,486,841 shares of the stock traded hands, compared to its average volume of 1,050,484. The company has a current ratio of 1.54, a quick ratio of 0.96 and a debt-to-equity ratio of 0.33. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The company’s 50-day moving average price is $958.18 and its two-hundred day moving average price is $793.71. The company has a market cap of $339.17 billion, a P/E ratio of 43.90, a price-to-earnings-growth ratio of 2.19 and a beta of 1.48.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. On average, analysts anticipate that ASML Holding will post 20.31 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be issued a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.62%. ASML’s dividend payout ratio is currently 27.02%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday. They set an “outperform” rating on the stock. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Susquehanna lifted their price target on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

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.