Sagespring Wealth Partners LLC Takes $966,000 Position in ASML Holding (NASDAQ:ASML)

Sagespring Wealth Partners LLC acquired a new position in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,394 shares of the semiconductor company’s stock, valued at approximately $966,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carnegie Investment Counsel boosted its stake in shares of ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock valued at $1,475,000 after purchasing an additional 868 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in ASML during the fourth quarter valued at $1,174,000. State Street Corp grew its holdings in ASML by 5.2% during the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after acquiring an additional 7,010 shares during the period. Foundations Investment Advisors LLC raised its position in shares of ASML by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company’s stock worth $18,243,000 after acquiring an additional 7,073 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of ASML by 12.2% in the 4th quarter. Fifth Third Bancorp now owns 9,759 shares of the semiconductor company’s stock valued at $6,764,000 after purchasing an additional 1,062 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 3.0 %

NASDAQ:ASML opened at $668.81 on Monday. ASML Holding has a one year low of $578.51 and a one year high of $1,110.09. The company has a market cap of $263.12 billion, a PE ratio of 32.15, a PEG ratio of 1.62 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a 50-day moving average of $706.22 and a 200-day moving average of $718.04.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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 return on equity of 47.73% and a net margin of 26.78%. As a group, equities research analysts expect that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Monday, April 28th will be issued a $1.5855 dividend. The ex-dividend date is Monday, April 28th. This is an increase from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

A number of research firms have issued reports on ASML. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company upped their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

About ASML

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.