Naviter Wealth LLC Purchases 589 Shares of ASML Holding (NASDAQ:ASML)

Naviter Wealth LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,495 shares of the semiconductor company’s stock after acquiring an additional 589 shares during the period. ASML makes up about 0.7% of Naviter Wealth LLC’s holdings, making the stock its 27th biggest position. Naviter Wealth LLC’s holdings in ASML were worth $5,888,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ASML. Fairway Wealth LLC bought a new position in shares of ASML in the 3rd quarter worth $25,000. Kennebec Savings Bank increased its holdings in shares of ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after buying an additional 25 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of ASML in the 4th quarter worth $31,000. Albion Financial Group UT increased its holdings in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock worth $39,000 after buying an additional 32 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of ASML in the 4th quarter worth $39,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.4 %

Shares of ASML opened at $732.22 on Friday. The stock has a market capitalization of $288.07 billion, a P/E ratio of 35.20, a PEG ratio of 1.62 and a beta of 1.54. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $733.25 and a two-hundred day simple moving average of $748.39. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced 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, research analysts anticipate that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were given a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s dividend payout ratio (DPR) is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASML. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. 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 for the company. Sanford C. Bernstein cut their price objective 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. Wells Fargo & Company upped their price objective 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, JPMorgan Chase & Co. cut their price objective on shares of 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. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

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.