Heirloom Wealth Management Sells 2,984 Shares of ASML Holding N.V. $ASML

Heirloom Wealth Management decreased its holdings in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,014 shares of the semiconductor company’s stock after selling 2,984 shares during the quarter. ASML accounts for about 3.7% of Heirloom Wealth Management’s investment portfolio, making the stock its 12th largest position. Heirloom Wealth Management’s holdings in ASML were worth $16,063,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC purchased a new stake in ASML during the third quarter valued at approximately $25,000. City Holding Co. purchased a new position in shares of ASML during the 3rd quarter worth $26,000. Binnacle Investments Inc grew its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the period. JPL Wealth Management LLC bought a new stake in shares of ASML during the 3rd quarter valued at $34,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of ASML in the 3rd quarter worth $34,000. 26.07% of the stock is currently owned by institutional investors.

ASML News Summary

Here are the key news stories impacting ASML this week:

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a report on Wednesday, January 28th. Sanford C. Bernstein boosted their price target on ASML to $1,971.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, January 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,482.50.

Get Our Latest Analysis on ASML

ASML Stock Up 5.3%

ASML opened at $1,320.83 on Wednesday. The stock has a market cap of $519.46 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 1.21 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. The firm’s fifty day moving average is $1,396.74 and its 200 day moving average is $1,179.35. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,547.22.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be given a $3.1771 dividend. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a dividend yield of 1.0%. ASML’s dividend payout ratio (DPR) is presently 25.10%.

ASML Company Profile

(Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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