Elite Wealth Management Inc. Has $3.33 Million Holdings in ASML Holding (NASDAQ:ASML)

by · The Markets Daily

Elite Wealth Management Inc. trimmed its position in shares of ASML Holding (NASDAQ:ASML – Free Report) by 1.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,802 shares of the semiconductor company’s stock after selling 63 shares during the period. ASML accounts for approximately 0.4% of Elite Wealth Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Elite Wealth Management Inc.’s holdings in ASML were worth $3,328,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in ASML by 34.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,823 shares of the semiconductor company’s stock valued at $4,852,000 after buying an additional 1,503 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of ASML by 1.3% during the 3rd quarter. Private Advisor Group LLC now owns 4,985 shares of the semiconductor company’s stock valued at $4,153,000 after acquiring an additional 65 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in shares of ASML in the 3rd quarter valued at approximately $208,000. Great Lakes Retirement Inc. lifted its holdings in ASML by 5.6% in the 3rd quarter. Great Lakes Retirement Inc. now owns 1,459 shares of the semiconductor company’s stock worth $1,215,000 after purchasing an additional 78 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in ASML by 30.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,500 shares of the semiconductor company’s stock worth $1,250,000 after purchasing an additional 353 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

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

Get Our Latest Analysis on ASML

ASML Stock Down 0.8 %

Shares of ASML opened at $737.01 on Friday. ASML Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The firm has a market capitalization of $289.96 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.64 and a beta of 1.47. The company has a 50-day simple moving average of $732.62 and a 200-day simple moving average of $759.39. 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 – Get Free Report) last posted its quarterly 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%. On average, equities research analysts expect that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

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

ASML Company Profile

(Free Report)

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.

Further Reading

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