Cercano Management LLC Takes Position in ASML Holding (NASDAQ:ASML)

Cercano Management LLC purchased a new stake in ASML Holding (NASDAQ:ASML) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,034 shares of the semiconductor company’s stock, valued at approximately $19,706,000.

Other large investors also recently made changes to their positions in the company. Carmel Capital Partners LLC lifted its stake in shares of ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 30 shares during the period. Addison Advisors LLC lifted its stake in shares of ASML by 220.0% in 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 period. 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 valued at $35,000 after purchasing an additional 15 shares during the period. Catalyst Capital Advisors LLC raised its stake in ASML by 35.4% during the 3rd 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 period. Finally, Bradley & Co. Private Wealth Management LLC raised its stake in ASML by 7,300.0% during the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 74 shares of the semiconductor company’s stock worth $44,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Cantor Fitzgerald assumed coverage on ASML in a research note on Tuesday, January 23rd. They set an “overweight” rating on the stock. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Raymond James raised their price objective on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,036.00.

ASML Stock Up 2.0 %

ASML stock traded up $18.32 during trading hours on Friday, reaching $918.97. 865,078 shares of the stock were exchanged, compared to its average volume of 1,204,430. The firm’s 50-day moving average is $955.61 and its 200-day moving average is $805.93. The company has a market cap of $362.62 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 2.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,056.34.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, equities research analysts expect that ASML Holding will post 20.04 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be issued a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is 27.02%.

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.