Family Capital Management Inc. Grows Stake in ASML Holding (NASDAQ:ASML)

Family Capital Management Inc. increased its stake in ASML Holding (NASDAQ:ASML) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 724 shares of the semiconductor company’s stock after acquiring an additional 95 shares during the period. Family Capital Management Inc.’s holdings in ASML were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC raised its stake in ASML by 200.0% in the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock worth $26,000 after buying an additional 30 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 15 shares during the last quarter. Addison Advisors LLC raised its holdings in ASML by 220.0% in the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 33 shares during the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of ASML during the 2nd quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of ASML during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. HSBC assumed coverage on shares of ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Raymond James raised their price target on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Wells Fargo & Company raised their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Cantor Fitzgerald began coverage on shares of ASML in a report on Tuesday, January 23rd. They set an “overweight” rating for the company. Finally, Sanford C. Bernstein lowered their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Five 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Down 2.0 %

ASML stock traded down $18.58 during midday trading on Thursday, hitting $889.03. The company’s stock had a trading volume of 1,581,717 shares, compared to its average volume of 1,236,160. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The firm has a 50-day simple moving average of $960.66 and a 200-day simple moving average of $791.11. The firm has a market capitalization of $350.80 billion, a P/E ratio of 41.38, a PEG ratio of 2.36 and a beta of 1.48. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. As a group, equities analysts forecast that ASML Holding will post 20.4 EPS for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be issued a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is currently 24.59%.

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.