Tower View Wealth Management LLC Has $4.15 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Tower View Wealth Management LLC boosted its stake in ASML Holding (NASDAQ:ASML) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,992 shares of the semiconductor company’s stock after purchasing an additional 916 shares during the quarter. ASML comprises about 2.2% of Tower View Wealth Management LLC’s holdings, making the stock its 17th biggest position. Tower View Wealth Management LLC’s holdings in ASML were worth $4,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. grew its holdings in ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in shares of ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares during the last quarter. Trust Point Inc. increased its position in shares of ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after acquiring an additional 14 shares in the last quarter. Sunpointe LLC increased its position in shares of ASML by 1.3% during the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock worth $772,000 after acquiring an additional 14 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of ASML by 1.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 15 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASML. JPMorgan Chase & Co. decreased their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. BNP Paribas initiated 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. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company upped their target price on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Sanford C. Bernstein reduced their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Price Performance

ASML opened at $708.71 on Friday. The firm has a market cap of $278.82 billion, a P/E ratio of 34.07, a PEG ratio of 1.62 and a beta of 1.47. The firm has a 50-day moving average of $733.15 and a 200 day moving average of $754.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings results 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%. On average, research 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. Investors of record on Tuesday, February 11th were given a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio is presently 31.35%.

ASML Company 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.