Lyell Wealth Management LP Boosts Stake in ASML Holding (NASDAQ:ASML)

Lyell Wealth Management LP lifted its holdings in ASML Holding (NASDAQ:ASML) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,827 shares of the semiconductor company’s stock after purchasing an additional 590 shares during the quarter. ASML accounts for about 1.4% of Lyell Wealth Management LP’s investment portfolio, making the stock its 17th biggest holding. Lyell Wealth Management LP’s holdings in ASML were worth $12,737,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Atria Wealth Solutions Inc. grew its holdings in shares of ASML by 9.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 6,763 shares of the semiconductor company’s stock worth $5,119,000 after acquiring an additional 580 shares during the period. Bfsg LLC bought a new stake in shares of ASML in the fourth quarter worth $369,000. Harvest Fund Management Co. Ltd grew its holdings in shares of ASML by 14.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,508 shares of the semiconductor company’s stock worth $1,139,000 after acquiring an additional 187 shares during the period. Yousif Capital Management LLC grew its holdings in shares of ASML by 7.3% in the fourth quarter. Yousif Capital Management LLC now owns 7,139 shares of the semiconductor company’s stock worth $5,404,000 after acquiring an additional 485 shares during the period. Finally, Weatherly Asset Management L. P. grew its holdings in shares of ASML by 4.2% in the fourth quarter. Weatherly Asset Management L. P. now owns 9,998 shares of the semiconductor company’s stock worth $7,568,000 after acquiring an additional 403 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.0 %

Shares of NASDAQ ASML traded down $9.25 during midday trading on Wednesday, hitting $892.32. The company’s stock had a trading volume of 860,186 shares, compared to its average volume of 1,243,865. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,056.34. The firm has a market cap of $352.10 billion, a P/E ratio of 45.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.48. The business’s 50 day moving average is $956.36 and its two-hundred day moving average is $801.54. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. As a group, equities research analysts expect that ASML Holding will post 20.11 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be paid a $1.343 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.60%. ASML’s dividend payout ratio (DPR) is currently 27.02%.

Analysts Set New Price Targets

ASML has been the subject of several recent research reports. Sanford C. Bernstein cut their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Raymond James upped their price objective on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Susquehanna upped their price objective on ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Finally, Wells Fargo & Company boosted their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,036.00.

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.