Atlas Brown Inc. Increases Stock Position in ASML Holding (NASDAQ:ASML)

Atlas Brown Inc. grew its position in shares of ASML Holding (NASDAQ:ASML) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 434 shares of the semiconductor company’s stock after purchasing an additional 40 shares during the quarter. Atlas Brown Inc.’s holdings in ASML were worth $300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Resources Management Corp CT ADV purchased a new position in ASML during the 2nd quarter worth approximately $26,000. Fairway Wealth LLC purchased a new position in shares of ASML during the third quarter worth approximately $25,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML in the 3rd quarter valued at $28,000. Fortitude Family Office LLC raised its position in ASML by 46.9% in 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 during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in ASML in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a research note on Thursday, October 17th. BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 target price on the stock. Susquehanna cut their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $943.83.

ASML Price Performance

ASML stock traded down $4.82 during trading on Friday, reaching $739.16. 1,182,865 shares of the company were exchanged, compared to its average volume of 1,451,224. The stock’s 50 day moving average price is $698.61 and its 200 day moving average price is $810.78. The company has a market cap of $290.80 billion, a P/E ratio of 38.70, a PEG ratio of 2.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 EPS for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. As a group, analysts predict that ASML Holding will post 20.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.76%. ASML’s dividend payout ratio is presently 29.21%.

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.