Gallacher Capital Management LLC Invests $304,000 in ASML Holding (NASDAQ:ASML)

Gallacher Capital Management LLC bought a new stake in ASML Holding (NASDAQ:ASML) in the fourth quarter, HoldingsChannel.com reports. The fund bought 402 shares of the semiconductor company’s stock, valued at approximately $304,000.

Several other large investors also recently bought and sold shares of the business. Carmel Capital Partners LLC raised its position in shares of ASML by 200.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 30 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares during the last quarter. Addison Advisors LLC raised its holdings in ASML by 220.0% during the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 33 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in ASML in the fourth quarter worth $44,000. Finally, Catalyst Capital Advisors LLC increased its position in ASML by 35.4% during the third quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 17 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein decreased their target price on 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. Cantor Fitzgerald assumed coverage on shares of ASML in a report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Susquehanna boosted their price objective on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Finally, Kepler Capital Markets raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Performance

ASML traded up $15.29 during midday trading on Monday, hitting $916.92. 608,769 shares of the company were exchanged, compared to its average volume of 1,216,119. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $361.81 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 2.25 and a beta of 1.49. The company’s 50 day simple moving average is $951.12 and its 200 day simple moving average is $817.16.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.59%. ASML’s payout ratio is 32.53%.

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.