Armstrong Henry H Associates Inc. Buys 1,281 Shares of ASML Holding (NASDAQ:ASML)

Armstrong Henry H Associates Inc. raised its stake in shares of ASML Holding (NASDAQ:ASML) by 93.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,645 shares of the semiconductor company’s stock after purchasing an additional 1,281 shares during the period. ASML accounts for about 0.2% of Armstrong Henry H Associates Inc.’s portfolio, making the stock its 27th biggest position. Armstrong Henry H Associates Inc.’s holdings in ASML were worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ASML. Resources Management Corp CT ADV bought a new stake in ASML in the second quarter worth $26,000. Fairway Wealth LLC purchased a new stake in shares of ASML in the third quarter valued at $25,000. Milestone Investment Advisors LLC bought a new stake in shares of ASML in the 3rd quarter worth about $28,000. Fortitude Family Office LLC boosted its stake in shares of 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 bought a new position in ASML during the 3rd quarter valued at about $43,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on ASML. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Wells Fargo & Company raised their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research report on Thursday, October 17th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $955.50.

ASML Stock Performance

ASML stock opened at $727.41 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The business has a 50-day moving average price of $701.02 and a 200 day moving average price of $803.87. The company has a market capitalization of $286.18 billion, a P/E ratio of 38.08, a PEG ratio of 2.07 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.24 by $0.56. The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $7.66 billion. ASML had a net margin of 26.40% and a return on equity of 47.61%. As a group, equities research analysts forecast that ASML Holding will post 20.68 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Tuesday, October 29th were issued a dividend of $1.407 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.77%. ASML’s dividend payout ratio is currently 29.21%.

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.