Commonwealth Financial Services LLC Buys Shares of 317 ASML Holding (NASDAQ:ASML)

Commonwealth Financial Services LLC purchased a new position in ASML Holding (NASDAQ:ASML) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 317 shares of the semiconductor company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tandem Capital Management Corp ADV raised its position in ASML by 123.5% in the 4th quarter. Tandem Capital Management Corp ADV now owns 905 shares of the semiconductor company’s stock worth $627,000 after buying an additional 500 shares during the last quarter. RBA Wealth Management LLC grew its stake in shares of ASML by 3.3% in the fourth quarter. RBA Wealth Management LLC now owns 7,184 shares of the semiconductor company’s stock worth $4,979,000 after acquiring an additional 231 shares during the period. Trust Point Inc. raised its holdings in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 14 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in ASML by 145.7% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 1,322 shares of the semiconductor company’s stock valued at $916,000 after purchasing an additional 784 shares during the period. Finally, Fourpath Capital Management LLC boosted its holdings in ASML by 56.3% in the fourth quarter. Fourpath Capital Management LLC now owns 2,761 shares of the semiconductor company’s stock worth $1,914,000 after purchasing an additional 995 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ASML shares. Susquehanna decreased their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company raised their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein cut their price target on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Finally, BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Down 1.1 %

ASML stock opened at $731.05 on Tuesday. The business’s 50-day moving average price is $719.37 and its 200-day moving average price is $772.37. The stock has a market cap of $287.61 billion, a P/E ratio of 35.15, a PEG ratio of 1.62 and a beta of 1.47. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, equities research analysts forecast that ASML Holding will post 25.31 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be paid a $1.5855 dividend. The ex-dividend date is Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is presently 25.91%.

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.