Andar Capital Management HK Ltd Purchases New Shares in ASML Holding (NASDAQ:ASML)

Andar Capital Management HK Ltd purchased a new stake in ASML Holding (NASDAQ:ASML) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,000 shares of the semiconductor company’s stock, valued at approximately $2,271,000. ASML comprises 3.2% of Andar Capital Management HK Ltd’s holdings, making the stock its 14th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASML. Brookstone Capital Management raised its holdings in ASML by 408.4% during the 3rd quarter. Brookstone Capital Management now owns 2,735 shares of the semiconductor company’s stock worth $1,608,000 after purchasing an additional 2,197 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in ASML by 14.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 34,779 shares of the semiconductor company’s stock worth $20,474,000 after purchasing an additional 4,396 shares during the last quarter. Vicus Capital bought a new stake in ASML during the 3rd quarter worth about $211,000. Callahan Advisors LLC bought a new stake in ASML during the 3rd quarter worth about $204,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in ASML by 26.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,634 shares of the semiconductor company’s stock worth $8,026,000 after purchasing an additional 2,833 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on ASML in a research report on Tuesday, January 23rd. They set an “overweight” rating for the company. 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. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Susquehanna boosted their target price on ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Finally, Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Down 0.2 %

Shares of ASML traded down $2.08 on Wednesday, hitting $870.39. The company’s stock had a trading volume of 804,730 shares, compared to its average volume of 1,223,146. The firm has a market capitalization of $343.45 billion, a price-to-earnings ratio of 43.68, a P/E/G ratio of 2.27 and a beta of 1.48. The firm’s fifty day moving average price is $954.49 and its 200-day moving average price is $811.32. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,056.34.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be paid a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is 32.53%.

ASML 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.