Glassman Wealth Services Purchases 35 Shares of ASML Holding (NASDAQ:ASML)

Glassman Wealth Services increased its position in ASML Holding (NASDAQ:ASML) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322 shares of the semiconductor company’s stock after buying an additional 35 shares during the quarter. Glassman Wealth Services’ holdings in ASML were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC increased its stake in ASML by 220.0% in the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 33 shares during the period. Creative Financial Designs Inc. ADV increased its stake in ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 15 shares during the period. Catalyst Capital Advisors LLC increased its stake in ASML by 35.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 17 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in ASML in the 4th quarter worth approximately $44,000. Finally, NBC Securities Inc. purchased a new position in ASML in the 3rd quarter worth approximately $47,000. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASML. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. HSBC started coverage on ASML in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company boosted their target price on ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Evercore ISI started coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,036.00.

ASML Stock Up 2.4 %

ASML stock traded up $21.97 during mid-day trading on Friday, hitting $956.22. The company had a trading volume of 685,071 shares, compared to its average volume of 829,115. 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 stock’s 50 day moving average price is $936.57 and its two-hundred day moving average price is $849.28. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,056.34. The company has a market capitalization of $377.31 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 2.37 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping the consensus estimate of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. As a group, sell-side analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.53%.

ASML 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.