Alta Capital Management LLC Acquires Shares of 45,879 ASML Holding (NASDAQ:ASML)

Alta Capital Management LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 45,879 shares of the semiconductor company’s stock, valued at approximately $31,798,000. ASML comprises 1.9% of Alta Capital Management LLC’s holdings, making the stock its 21st largest holding.

Other large investors also recently bought and sold shares of the company. Fisher Funds Management LTD bought a new stake in ASML during the 4th quarter valued at $137,386,000. SG Americas Securities LLC increased its position in shares of ASML by 281.3% during the 4th quarter. SG Americas Securities LLC now owns 156,693 shares of the semiconductor company’s stock valued at $108,601,000 after purchasing an additional 115,603 shares during the period. Westfield Capital Management Co. LP increased its position in shares of ASML by 126.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 148,377 shares of the semiconductor company’s stock valued at $123,635,000 after purchasing an additional 82,836 shares during the period. Empirical Asset Management LLC grew its holdings in shares of ASML by 2,825.3% in the 4th quarter. Empirical Asset Management LLC now owns 84,191 shares of the semiconductor company’s stock worth $58,351,000 after acquiring an additional 81,313 shares during the last quarter. Finally, Edgewood Management LLC grew its holdings in shares of ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after acquiring an additional 70,776 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASML. JPMorgan Chase & Co. decreased their target price on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target for the company. Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Finally, Sanford C. Bernstein dropped their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Trading Down 1.3 %

Shares of ASML opened at $699.86 on Tuesday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market capitalization of $275.34 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 1.62 and a beta of 1.47. The stock’s 50-day moving average price is $732.73 and its 200 day moving average price is $751.58. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 47.73%. As a group, research analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were paid a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s dividend payout ratio is currently 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.