Pilgrim Partners Asia Pte Ltd Invests $55,000 in ASML Holding (NASDAQ:ASML)

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 80 shares of the semiconductor company’s stock, valued at approximately $55,000.

A number of other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of ASML by 56.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 565 shares of the semiconductor company’s stock valued at $471,000 after purchasing an additional 205 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ASML by 36.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,799 shares of the semiconductor company’s stock worth $5,665,000 after acquiring an additional 1,830 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of ASML by 6.8% during the third quarter. Integrated Wealth Concepts LLC now owns 2,332 shares of the semiconductor company’s stock worth $1,943,000 after acquiring an additional 148 shares during the period. IHT Wealth Management LLC increased its stake in shares of ASML by 28.2% during the third quarter. IHT Wealth Management LLC now owns 1,373 shares of the semiconductor company’s stock worth $1,139,000 after purchasing an additional 302 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in ASML during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 2.8 %

Shares of ASML stock opened at $605.55 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML Holding has a fifty-two week low of $597.69 and a fifty-two week high of $1,110.09. The company has a market cap of $238.24 billion, a PE ratio of 29.11, a P/E/G ratio of 1.62 and a beta of 1.67. The stock’s fifty day moving average price is $716.73 and its two-hundred day moving average price is $726.98.

ASML (NASDAQ:ASML) last posted 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%. Equities analysts predict that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a dividend of $1.5855 per share. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML’s dividend payout ratio (DPR) is 31.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ASML shares. JPMorgan Chase & Co. lowered their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. 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 research report on Monday, January 13th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. 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.