Topsail Wealth Management LLC Buys New Shares in ASML Holding (NASDAQ:ASML)

Topsail Wealth Management LLC acquired a new stake in ASML Holding (NASDAQ:ASML) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 295 shares of the semiconductor company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empire Financial Management Company LLC boosted its holdings in ASML by 39.7% in the fourth quarter. Empire Financial Management Company LLC now owns 1,846 shares of the semiconductor company’s stock valued at $1,279,000 after purchasing an additional 525 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of ASML by 25.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,924 shares of the semiconductor company’s stock valued at $2,027,000 after buying an additional 592 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of ASML by 73.7% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,070 shares of the semiconductor company’s stock valued at $4,909,000 after buying an additional 3,000 shares during the last quarter. Kerrisdale Advisers LLC raised its stake in ASML by 532.0% during the 4th quarter. Kerrisdale Advisers LLC now owns 4,418 shares of the semiconductor company’s stock worth $3,062,000 after acquiring an additional 3,719 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in ASML in the fourth quarter valued at $19,060,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ ASML opened at $677.27 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The company has a market cap of $266.45 billion, a PE ratio of 32.56, a P/E/G ratio of 1.62 and a beta of 1.67. The stock has a fifty day moving average price of $687.38 and a 200 day moving average price of $707.51. ASML Holding has a 1-year low of $578.51 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 16th. The semiconductor company reported $6.31 earnings per share for the quarter, beating the consensus estimate of $6.12 by $0.19. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $7.90 billion. ASML had a net margin of 26.78% and a return on equity of 47.73%. Sell-side analysts forecast that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a $1.5855 dividend. The ex-dividend date is Monday, April 28th. This is an increase from ASML’s previous dividend of $1.08. ASML’s payout ratio is 27.48%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ASML. Susquehanna cut their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of ASML from $860.00 to $840.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $906.00.

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.