PAX Financial Group LLC Invests $248,000 in ASML Holding (NASDAQ:ASML)

PAX Financial Group LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 358 shares of the semiconductor company’s stock, valued at approximately $248,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of ASML by 1.8% in the 4th quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company’s stock valued at $1,239,421,000 after buying an additional 31,231 shares during the period. Clearbridge Investments LLC grew its holdings in shares of ASML by 2.8% during the fourth quarter. Clearbridge Investments LLC now owns 1,252,849 shares of the semiconductor company’s stock valued at $868,324,000 after purchasing an additional 33,603 shares during the last quarter. Wellington Management Group LLP raised its position in shares of ASML by 53.4% during the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company’s stock worth $559,494,000 after purchasing an additional 281,156 shares during the period. Windacre Partnership LLC lifted its holdings in shares of ASML by 4.0% in the 3rd quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock worth $553,361,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Amundi boosted its position in ASML by 4,880.5% during the 4th quarter. Amundi now owns 335,284 shares of the semiconductor company’s stock valued at $247,019,000 after purchasing an additional 328,552 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Trading Down 2.8 %

Shares of ASML stock opened at $605.55 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $716.73 and a 200 day simple moving average of $726.98. ASML Holding has a fifty-two week low of $597.69 and a fifty-two week high of $1,110.09. The stock has a market capitalization of $238.24 billion, a P/E ratio of 29.11, a P/E/G ratio of 1.62 and a beta of 1.67.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. On average, sell-side analysts expect that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Monday, April 28th will be issued a dividend of $1.5855 per share. The ex-dividend date of this dividend is Monday, April 28th. This is an increase from ASML’s previous dividend of $1.08. ASML’s payout ratio is presently 31.35%.

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.