Avidian Wealth Enterprises LLC Has $549,000 Stake in ASML Holding (NASDAQ:ASML)

Avidian Wealth Enterprises LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 219.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 793 shares of the semiconductor company’s stock after buying an additional 545 shares during the period. Avidian Wealth Enterprises LLC’s holdings in ASML were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Carnegie Investment Counsel increased its holdings in shares of ASML by 68.9% in the fourth quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 868 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of ASML in the fourth quarter valued at $1,174,000. Taurus Asset Management LLC acquired a new position in shares of ASML in the third quarter valued at $16,994,000. State Street Corp increased its holdings in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock valued at $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. increased its holdings in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock valued at $12,800,000 after purchasing an additional 1,032 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of recent research reports. BNP Paribas initiated coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price for the company. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company upped their price objective 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, Sanford C. Bernstein cut their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $937.00.

ASML Stock Up 2.8 %

ASML stock opened at $776.99 on Friday. The firm has a 50-day moving average price of $727.20 and a 200-day moving average price of $764.22. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $305.68 billion, a P/E ratio of 37.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. As a group, equities research analysts anticipate 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 Wednesday, February 19th. Stockholders of record on Tuesday, February 11th will be paid a $1.5855 dividend. The ex-dividend date is Tuesday, February 11th. This is an increase from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is currently 26.83%.

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.