Howe & Rusling Inc. Grows Stock Position in ASML Holding (NASDAQ:ASML)

Howe & Rusling Inc. grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,692 shares of the semiconductor company’s stock after purchasing an additional 169 shares during the period. Howe & Rusling Inc.’s holdings in ASML were worth $2,794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in ASML by 34.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock worth $628,344,000 after acquiring an additional 274,562 shares during the period. International Assets Investment Management LLC increased its stake in shares of ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares during the period. Barclays PLC raised its holdings in shares of ASML by 106.5% during the third quarter. Barclays PLC now owns 336,956 shares of the semiconductor company’s stock worth $198,353,000 after purchasing an additional 173,813 shares during the last quarter. Jennison Associates LLC grew its position in ASML by 15.3% during the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, FMR LLC boosted its stake in shares of ASML by 3.6% in the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock worth $2,123,710,000 after buying an additional 126,413 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 2.2 %

ASML stock traded down $19.63 during midday trading on Wednesday, hitting $852.84. The company’s stock had a trading volume of 1,283,069 shares, compared to its average volume of 1,225,028. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The firm has a 50-day simple moving average of $954.49 and a 200-day simple moving average of $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. The firm has a market capitalization of $336.52 billion, a P/E ratio of 43.68, a PEG ratio of 2.27 and a beta of 1.48.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

Analyst Ratings Changes

Several equities research analysts have commented on ASML shares. Evercore ISI started coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Kepler Capital Markets raised ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Susquehanna raised their price objective on ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a report on Friday, January 26th. Finally, HSBC started coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus 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.