ASML Holding (NASDAQ:ASML) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc grew its position in shares of ASML Holding (NASDAQ:ASMLFree Report) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,169 shares of the semiconductor company’s stock after purchasing an additional 114 shares during the period. Pinnacle Financial Partners Inc’s holdings in ASML were worth $885,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ASML. Apollon Wealth Management LLC raised its stake in shares of ASML by 0.4% during the fourth quarter. Apollon Wealth Management LLC now owns 3,634 shares of the semiconductor company’s stock valued at $1,986,000 after purchasing an additional 15 shares during the period. Marcum Wealth LLC raised its stake in shares of ASML by 3.2% during the fourth quarter. Marcum Wealth LLC now owns 478 shares of the semiconductor company’s stock valued at $362,000 after purchasing an additional 15 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares during the period. Allred Capital Management LLC raised its stake in shares of ASML by 1.4% during the fourth quarter. Allred Capital Management LLC now owns 1,080 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 15 shares during the period. Finally, Parsons Capital Management Inc. RI grew its position in shares of ASML by 0.5% during the third quarter. Parsons Capital Management Inc. RI now owns 3,235 shares of the semiconductor company’s stock worth $1,904,000 after buying an additional 16 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Down 2.6 %

Shares of ASML stock opened at $966.71 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $938.05 and its 200-day simple moving average is $760.27. The stock has a market capitalization of $381.45 billion, a price-to-earnings ratio of 44.94, a PEG ratio of 2.34 and a beta of 1.49. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,056.34.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a return on equity of 68.32% and a net margin of 28.44%. Equities research analysts forecast that ASML Holding will post 20.48 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s payout ratio is 29.99%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. HSBC initiated coverage on shares of ASML in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Wells Fargo & Company lifted their price target on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Tuesday. Sanford C. Bernstein raised ASML from a “market perform” rating to an “outperform” rating in a report on Monday, January 22nd. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Raymond James upped their price objective on ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $982.60.

Read Our Latest Report on ASML

About ASML

(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.

See Also

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

Receive News & Ratings for ASML Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASML and related companies with MarketBeat.com's FREE daily email newsletter.