Tectonic Advisors LLC Reduces Stock Position in ASML Holding (NASDAQ:ASML)

Tectonic Advisors LLC decreased its position in ASML Holding (NASDAQ:ASML) by 6.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 413 shares of the semiconductor company’s stock after selling 29 shares during the quarter. Tectonic Advisors LLC’s holdings in ASML were worth $286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of ASML by 94,079.7% in the 3rd quarter. International Assets Investment Management LLC now owns 491,618 shares of the semiconductor company’s stock worth $4,096,410,000 after purchasing an additional 491,096 shares during the period. Van ECK Associates Corp lifted its holdings in ASML by 37.0% in the third quarter. Van ECK Associates Corp now owns 1,757,049 shares of the semiconductor company’s stock worth $1,464,061,000 after buying an additional 474,653 shares during the period. Mediolanum International Funds Ltd bought a new stake in ASML during the 3rd quarter valued at approximately $125,952,000. SG Americas Securities LLC grew its holdings in shares of ASML by 281.3% during the 4th quarter. SG Americas Securities LLC now owns 156,693 shares of the semiconductor company’s stock worth $108,601,000 after acquiring an additional 115,603 shares during the period. Finally, Pathway Financial Advisers LLC raised its position in shares of ASML by 97,001.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 113,609 shares of the semiconductor company’s stock worth $94,665,000 after acquiring an additional 113,492 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

Shares of NASDAQ ASML opened at $739.13 on Friday. The company has a 50 day moving average of $722.93 and a 200 day moving average of $769.66. 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 Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The firm has a market cap of $290.79 billion, a P/E ratio of 35.54, a PEG ratio of 1.62 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (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 47.73%. As a group, research analysts expect that ASML Holding will post 25.31 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th will be paid a $1.5855 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s payout ratio is currently 26.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Sanford C. Bernstein decreased their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company raised their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ASML presently 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.