Marietta Wealth Management LLC Purchases 801 Shares of ASML Holding (NASDAQ:ASML)

Marietta Wealth Management LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,280 shares of the semiconductor company’s stock after buying an additional 801 shares during the period. Marietta Wealth Management LLC’s holdings in ASML were worth $6,432,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ASML. Armstrong Advisory Group Inc. raised its stake in ASML by 24.5% during the third quarter. Armstrong Advisory Group Inc. now owns 61 shares of the semiconductor company’s stock worth $51,000 after buying an additional 12 shares during the last quarter. Bruce G. Allen Investments LLC grew its holdings in ASML by 21.2% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 80 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 14 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in shares of ASML by 4.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 14 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in shares of ASML by 0.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after purchasing an additional 14 shares during the period. Finally, Fortitude Family Office LLC boosted its position in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ASML shares. Wells Fargo & Company lifted their target price on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Sanford C. Bernstein lowered their price objective on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 target price on the stock. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Susquehanna cut their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Three investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Performance

ASML opened at $739.31 on Friday. The company has a market cap of $290.86 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.25 and a beta of 1.47. The company’s fifty day moving average price is $719.37 and its two-hundred day moving average price is $775.53. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. On average, analysts expect that ASML Holding will post 25.07 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be given a dividend of $1.6414 per share. This is a boost from ASML’s previous quarterly dividend of $1.41. The ex-dividend date is Monday, April 28th. This represents a $6.57 annualized dividend and a dividend yield of 0.89%. ASML’s payout ratio is presently 26.83%.

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.