Pegasus Asset Management Inc. Acquires 1,377 Shares of ASML Holding (NASDAQ:ASML)

Pegasus Asset Management Inc. increased its stake in shares of ASML Holding (NASDAQ:ASML) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,581 shares of the semiconductor company’s stock after buying an additional 1,377 shares during the period. ASML comprises about 1.2% of Pegasus Asset Management Inc.’s holdings, making the stock its 29th biggest position. Pegasus Asset Management Inc.’s holdings in ASML were worth $3,175,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC bought a new stake in shares of ASML in the third quarter valued at $25,000. Kennebec Savings Bank lifted its stake in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 25 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in ASML in the 3rd quarter worth approximately $28,000. Fortitude Family Office LLC grew its stake in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares in the last quarter. Finally, Albion Financial Group UT raised its holdings in ASML by 133.3% during the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 32 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ASML. BNP Paribas began coverage on ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Wells Fargo & Company upped their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. cut their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Trading Down 1.0 %

ASML stock opened at $744.22 on Wednesday. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company has a market capitalization of $292.79 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.63 and a beta of 1.47. The company’s 50 day moving average price is $731.04 and its two-hundred day moving average price is $760.19. 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 (NASDAQ:ASML) last issued 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 return on equity of 47.73% and a net margin of 26.78%. As a group, analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be paid a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend is Tuesday, February 11th. ASML’s payout ratio is 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.