Harvest Fund Management Co. Ltd Has $14.90 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Harvest Fund Management Co. Ltd raised its stake in ASML Holding (NASDAQ:ASML) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,665 shares of the semiconductor company’s stock after acquiring an additional 652 shares during the period. ASML makes up about 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 23rd biggest holding. Harvest Fund Management Co. Ltd’s holdings in ASML were worth $14,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Principal Financial Group Inc. raised its holdings in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company’s stock valued at $5,840,000 after acquiring an additional 3,580 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of ASML by 34.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 3,108 shares of the semiconductor company’s stock valued at $2,589,000 after purchasing an additional 802 shares during the last quarter. Baron Wealth Management LLC increased its stake in shares of ASML by 7.8% in the 3rd quarter. Baron Wealth Management LLC now owns 275 shares of the semiconductor company’s stock valued at $229,000 after purchasing an additional 20 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of ASML by 4.7% in the 3rd quarter. Pathstone Holdings LLC now owns 28,785 shares of the semiconductor company’s stock valued at $23,985,000 after purchasing an additional 1,284 shares during the last quarter. Finally, West Family Investments Inc. increased its stake in shares of ASML by 16.0% in the 3rd quarter. West Family Investments Inc. now owns 1,305 shares of the semiconductor company’s stock valued at $1,087,000 after purchasing an additional 180 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASML. JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company boosted their price objective 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 reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Trading Up 0.1 %

NASDAQ ASML opened at $731.11 on Wednesday. The business’s 50-day moving average price is $731.72 and its two-hundred day moving average price is $736.46. 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 $287.63 billion, a PE ratio of 35.15, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

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

ASML Increases Dividend

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