RWA Wealth Partners LLC Raises Stake in ASML Holding (NASDAQ:ASML)

RWA Wealth Partners LLC increased its position in ASML Holding (NASDAQ:ASML) by 167.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,444 shares of the semiconductor company’s stock after acquiring an additional 18,448 shares during the quarter. RWA Wealth Partners LLC’s holdings in ASML were worth $20,407,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ASML. Summit Securities Group LLC purchased a new position in shares of ASML in the fourth quarter valued at $60,000. Arrowstreet Capital Limited Partnership raised its position in ASML by 1,683.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,590 shares of the semiconductor company’s stock worth $26,746,000 after acquiring an additional 36,426 shares during the last quarter. American Money Management LLC grew its position in shares of ASML by 2.0% in the fourth quarter. American Money Management LLC now owns 7,806 shares of the semiconductor company’s stock valued at $5,410,000 after purchasing an additional 151 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of ASML by 8.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,565 shares of the semiconductor company’s stock worth $1,085,000 after purchasing an additional 128 shares in the last quarter. Finally, Ramirez Asset Management Inc. lifted its stake in ASML by 0.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 7,369 shares of the semiconductor company’s stock valued at $5,107,000 after buying an additional 56 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on ASML shares. BNP Paribas began coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Wells Fargo & Company boosted 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. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. 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 report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Trading Down 2.3 %

NASDAQ ASML opened at $674.58 on Friday. The company has a 50-day moving average of $727.46 and a 200-day moving average of $732.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a market cap of $265.39 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.62 and a beta of 1.54.

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 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, equities analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be paid a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Monday, April 28th. ASML’s payout ratio is currently 31.35%.

ASML Company 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.