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

Howe & Rusling Inc. increased its position in ASML Holding (NASDAQ:ASML) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. Toth Financial Advisory Corp lifted its holdings in shares of ASML by 11.5% in the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 13 shares in the last quarter. Slow Capital Inc. boosted its position in ASML by 0.3% during the 4th quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock worth $3,336,000 after acquiring an additional 13 shares during the period. Alera Investment Advisors LLC grew its stake in ASML by 2.9% during the 4th quarter. Alera Investment Advisors LLC now owns 492 shares of the semiconductor company’s stock valued at $372,000 after acquiring an additional 14 shares in the last quarter. Marcum Wealth LLC lifted its position in shares of ASML by 3.2% in the fourth quarter. Marcum Wealth LLC now owns 478 shares of the semiconductor company’s stock worth $362,000 after purchasing an additional 15 shares in the last quarter. Finally, Allred Capital Management LLC boosted its holdings in shares of ASML by 1.4% during the fourth quarter. Allred Capital Management LLC now owns 1,080 shares of the semiconductor company’s stock worth $817,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 2.2 %

ASML traded down $19.63 during mid-day trading on Wednesday, hitting $852.84. The stock had a trading volume of 1,283,069 shares, compared to its average volume of 1,225,028. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34. The firm has a market capitalization of $336.52 billion, a price-to-earnings ratio of 43.68, a price-to-earnings-growth ratio of 2.27 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The stock’s fifty day simple moving average is $954.49 and its 200-day simple moving average is $811.32.

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 paid a $1.343 dividend. This represents a $5.37 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is currently 32.53%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ASML shares. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Cantor Fitzgerald started coverage on shares of ASML in a research note on Tuesday, January 23rd. They set an “overweight” rating for the company. Finally, Raymond James increased their price target on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,036.00.

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.