Deepwater Asset Management LLC Acquires 20,837 Shares of ASML Holding (NASDAQ:ASML)

Deepwater Asset Management LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 1,165.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,625 shares of the semiconductor company’s stock after acquiring an additional 20,837 shares during the period. ASML makes up 5.1% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Deepwater Asset Management LLC’s holdings in ASML were worth $15,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in ASML by 41.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,974 shares of the semiconductor company’s stock worth $2,019,000 after acquiring an additional 575 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ASML by 18.4% during the third quarter. GAMMA Investing LLC now owns 1,918 shares of the semiconductor company’s stock valued at $1,598,000 after purchasing an additional 298 shares in the last quarter. WealthBridge Capital Management LLC purchased a new position in ASML during the third quarter worth about $237,000. Azzad Asset Management Inc. ADV grew its position in ASML by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 3,217 shares of the semiconductor company’s stock worth $2,680,000 after purchasing an additional 34 shares in the last quarter. Finally, Diversified Trust Co increased its stake in ASML by 218.1% in the 3rd quarter. Diversified Trust Co now owns 2,942 shares of the semiconductor company’s stock valued at $2,451,000 after buying an additional 2,017 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Up 0.3 %

Shares of ASML stock opened at $739.31 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The stock has a market capitalization of $290.86 billion, a P/E ratio of 35.54, a P/E/G ratio of 2.25 and a beta of 1.47. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The stock’s 50-day simple moving average is $719.37 and its 200 day simple moving average is $773.48.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. As a group, research analysts anticipate that ASML Holding will post 25.07 EPS for the current year.

ASML Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a dividend of $1.6414 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $6.57 dividend on an annualized basis and a dividend yield of 0.89%. ASML’s payout ratio is 26.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ASML. Wells Fargo & Company upped their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Sanford C. Bernstein reduced their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Finally, BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

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.