Heirloom Wealth Management Has $18.01 Million Stake in ASML Holding (NASDAQ:ASML)

Heirloom Wealth Management boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,795 shares of the semiconductor company’s stock after buying an additional 321 shares during the period. ASML makes up about 6.9% of Heirloom Wealth Management’s investment portfolio, making the stock its 6th largest holding. Heirloom Wealth Management’s holdings in ASML were worth $18,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Townsquare Capital LLC increased its holdings in shares of ASML by 11.5% in the 3rd quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock worth $5,013,000 after purchasing an additional 881 shares in the last quarter. Savoie Capital LLC bought a new stake in shares of ASML in the 3rd quarter worth $14,658,000. International Assets Investment Management LLC increased its holdings in shares of ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after purchasing an additional 245,488 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of ASML by 69.2% in the 3rd quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after purchasing an additional 4,716 shares in the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in shares of ASML by 219.0% in the 4th quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after purchasing an additional 2,168 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Evercore ISI assumed coverage on ASML in a research note on Tuesday. They issued an “outperform” rating on the stock. Cantor Fitzgerald assumed coverage on ASML in a research note on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Finally, Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

NASDAQ ASML traded down $29.49 on Friday, hitting $859.54. 2,485,810 shares of the company traded hands, compared to its average volume of 1,249,986. The company has a market capitalization of $339.17 billion, a price-to-earnings ratio of 43.90, a P/E/G ratio of 2.20 and a beta of 1.48. 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 moving average price is $958.18 and its 200-day moving average price is $793.71. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.34 billion. ASML had a return on equity of 59.10% and a net margin of 27.23%. Equities analysts expect that ASML Holding will post 20.4 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.62%. ASML’s payout ratio is 27.02%.

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.