Manhattan West Asset Management LLC Acquires 1,333 Shares of ASML Holding (NASDAQ:ASML)

Manhattan West Asset Management LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 34.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,204 shares of the semiconductor company’s stock after acquiring an additional 1,333 shares during the quarter. Manhattan West Asset Management LLC’s holdings in ASML were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Fortis Capital Advisors LLC raised its holdings in ASML by 4.7% in the 4th quarter. Fortis Capital Advisors LLC now owns 826 shares of the semiconductor company’s stock worth $572,000 after purchasing an additional 37 shares during the period. Rockefeller Capital Management L.P. increased its holdings in ASML by 212.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 85,338 shares of the semiconductor company’s stock worth $59,200,000 after acquiring an additional 58,028 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of ASML by 30.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,523 shares of the semiconductor company’s stock valued at $2,442,000 after purchasing an additional 824 shares during the period. Titan Global Capital Management USA LLC raised its holdings in ASML by 9.7% during the fourth quarter. Titan Global Capital Management USA LLC now owns 1,584 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 140 shares during the period. Finally, Heritage Trust Co purchased a new position in ASML in the 4th quarter worth approximately $712,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $668.81 on Friday. ASML Holding has a 12-month low of $578.51 and a 12-month high of $1,110.09. The business’s fifty day simple moving average is $706.22 and its 200-day simple moving average is $718.97. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $263.12 billion, a PE ratio of 32.15, a PEG ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) 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%. Analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be issued a $1.5855 dividend. The ex-dividend date is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Wells Fargo & Company increased their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.