Manhattan West Asset Management LLC Grows Position in ASML Holding (NASDAQ:ASML)

Manhattan West Asset Management LLC grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 34.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,204 shares of the semiconductor company’s stock after acquiring an additional 1,333 shares during the quarter. Manhattan West Asset Management LLC’s holdings in ASML were worth $3,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ASML. Fortis Capital Advisors LLC raised its position in ASML by 4.7% during the fourth quarter. Fortis Capital Advisors LLC now owns 826 shares of the semiconductor company’s stock valued at $572,000 after purchasing an additional 37 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of ASML by 212.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 85,338 shares of the semiconductor company’s stock worth $59,200,000 after acquiring an additional 58,028 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of ASML by 30.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,523 shares of the semiconductor company’s stock worth $2,442,000 after acquiring an additional 824 shares during the last quarter. Titan Global Capital Management USA LLC boosted its stake in shares of ASML by 9.7% in the 4th quarter. Titan Global Capital Management USA LLC now owns 1,584 shares of the semiconductor company’s stock valued at $1,098,000 after purchasing an additional 140 shares in the last quarter. Finally, Heritage Trust Co bought a new stake in ASML in the fourth quarter worth $712,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Finally, DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average target price of $937.00.

ASML Trading Up 3.0 %

NASDAQ:ASML opened at $668.81 on Friday. The company’s 50 day moving average price is $706.22 and its 200-day moving average price is $718.97. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 52 week low of $578.51 and a 52 week high of $1,110.09. The stock has a market cap of $263.12 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, equities research analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a $1.5855 dividend. The ex-dividend date of this dividend is Monday, April 28th. This is a boost from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 31.35%.

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.