Institute for Wealth Management LLC. Boosts Stock Position in ASML Holding (NASDAQ:ASML)

Institute for Wealth Management LLC. raised its stake in shares of ASML Holding (NASDAQ:ASML) by 105.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 776 shares of the semiconductor company’s stock after acquiring an additional 399 shares during the period. Institute for Wealth Management LLC.’s holdings in ASML were worth $538,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in ASML during the 3rd quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in ASML during the 3rd quarter worth approximately $28,000. Kennebec Savings Bank increased its position in ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares during the period. Fortitude Family Office LLC increased its position in ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group acquired a new position in ASML during the 3rd quarter worth approximately $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $739.31 on Friday. The business’s fifty day moving average price is $718.04 and its two-hundred day moving average price is $777.78. The stock has a market cap of $290.86 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS 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 50.53%. On average, analysts forecast that ASML Holding will post 25.07 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a $1.6414 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.41. This represents a $6.57 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, April 28th. ASML’s payout ratio is currently 26.83%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASML. JPMorgan Chase & Co. lowered their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna lowered their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein lowered their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price 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.