Lyell Wealth Management LP Raises Stake in ASML Holding (NASDAQ:ASML)

Lyell Wealth Management LP boosted its stake in ASML Holding (NASDAQ:ASML) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,827 shares of the semiconductor company’s stock after purchasing an additional 590 shares during the quarter. ASML comprises 1.4% of Lyell Wealth Management LP’s portfolio, making the stock its 17th largest position. Lyell Wealth Management LP’s holdings in ASML were worth $12,737,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ASML. Van ECK Associates Corp grew its holdings in ASML by 34.6% in the third quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after purchasing an additional 274,562 shares during the period. International Assets Investment Management LLC grew its holdings in 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 valued at $186,202,000 after purchasing an additional 245,488 shares during the period. Barclays PLC grew its holdings in ASML by 106.5% in the third quarter. Barclays PLC now owns 336,956 shares of the semiconductor company’s stock valued at $198,353,000 after purchasing an additional 173,813 shares during the period. Jennison Associates LLC grew its holdings in ASML by 15.3% in the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock valued at $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, FMR LLC grew its holdings in ASML by 3.6% in the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock valued at $2,123,710,000 after purchasing an additional 126,413 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 1.0 %

ASML traded down $9.25 during trading on Wednesday, hitting $892.32. The company had a trading volume of 860,186 shares, compared to its average volume of 1,243,865. The company has a market cap of $352.10 billion, a PE ratio of 45.57, a P/E/G ratio of 2.17 and a beta of 1.48. The business has a 50-day moving average of $956.36 and a 200-day moving average of $801.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. As a group, analysts forecast that ASML Holding will post 20.11 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. The ex-dividend date is Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.60%. ASML’s payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. 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 note on Friday, April 12th. Raymond James boosted their price objective on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. HSBC initiated coverage on shares of ASML in a research report on Thursday, February 22nd. They set a “buy” rating on the stock. Finally, Kepler Capital Markets raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Five equities 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.