Norden Group LLC Has $1.63 Million Holdings in ASML Holding (NASDAQ:ASML)

Norden Group LLC boosted its stake in ASML Holding (NASDAQ:ASML) by 82.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,357 shares of the semiconductor company’s stock after purchasing an additional 1,063 shares during the quarter. Norden Group LLC’s holdings in ASML were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC raised its stake in ASML by 1.0% during the third quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after acquiring an additional 31,879 shares in the last quarter. Edgewood Management LLC raised its stake in ASML by 3.3% during the third quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares in the last quarter. Van ECK Associates Corp raised its stake in ASML by 1.8% during the fourth quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company’s stock worth $1,239,421,000 after acquiring an additional 31,231 shares in the last quarter. Windacre Partnership LLC raised its stake in ASML by 4.0% during the third quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock worth $553,361,000 after acquiring an additional 25,600 shares in the last quarter. Finally, Citigroup Inc. raised its stake in ASML by 14.2% during the third quarter. Citigroup Inc. now owns 402,758 shares of the semiconductor company’s stock worth $335,598,000 after acquiring an additional 50,115 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. BNP Paribas initiated coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price for the company. Sanford C. Bernstein reduced 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. JPMorgan Chase & Co. reduced 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, January 30th. Finally, DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Performance

Shares of ASML stock opened at $708.71 on Friday. The business’s 50 day simple moving average is $733.15 and its 200 day simple moving average is $754.07. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock has a market capitalization of $278.82 billion, a PE ratio of 34.07, a PEG ratio of 1.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 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, research analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were issued a $1.5855 dividend. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is presently 31.35%.

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.