SlateStone Wealth LLC Has $2.30 Million Position in ASML Holding (NASDAQ:ASML)

SlateStone Wealth LLC lifted its holdings in ASML Holding (NASDAQ:ASML) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,044 shares of the semiconductor company’s stock after buying an additional 329 shares during the period. SlateStone Wealth LLC’s holdings in ASML were worth $2,304,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. FMR LLC grew its holdings in ASML by 3.6% in the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock valued at $2,123,710,000 after purchasing an additional 126,413 shares during the period. Sands Capital Management LLC increased its position in shares of ASML by 7.6% during the 3rd quarter. Sands Capital Management LLC now owns 1,495,236 shares of the semiconductor company’s stock valued at $880,186,000 after purchasing an additional 105,339 shares during the last quarter. Clearbridge Investments LLC increased its holdings in ASML by 2.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,214,574 shares of the semiconductor company’s stock worth $714,971,000 after acquiring an additional 23,783 shares during the last quarter. Jennison Associates LLC grew its stake in ASML by 15.3% in the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, Van ECK Associates Corp grew its stake 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 worth $628,344,000 after purchasing an additional 274,562 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ASML shares. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Sanford C. Bernstein decreased their target price 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. HSBC initiated coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Performance

ASML stock traded up $10.43 during midday trading on Wednesday, hitting $912.00. 86,367 shares of the company’s stock were exchanged, compared to its average volume of 1,234,409. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,056.34. The stock has a market cap of $359.87 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 2.17 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The firm’s 50 day simple moving average is $957.00 and its 200 day simple moving average is $800.90.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.34 billion. Equities research analysts predict that ASML Holding will post 20.11 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is 27.02%.

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.