Cabot Wealth Management Inc. Decreases Position in ASML Holding (NASDAQ:ASML)

Cabot Wealth Management Inc. decreased its position in ASML Holding (NASDAQ:ASML) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,439 shares of the semiconductor company’s stock after selling 42 shares during the period. Cabot Wealth Management Inc.’s holdings in ASML were worth $3,077,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in ASML by 34.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,823 shares of the semiconductor company’s stock worth $4,852,000 after acquiring an additional 1,503 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of ASML by 1.3% in the third quarter. Private Advisor Group LLC now owns 4,985 shares of the semiconductor company’s stock worth $4,153,000 after purchasing an additional 65 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of ASML by 30.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,500 shares of the semiconductor company’s stock valued at $1,250,000 after purchasing an additional 353 shares during the period. Global Trust Asset Management LLC lifted its stake in shares of ASML by 66.5% during the 3rd quarter. Global Trust Asset Management LLC now owns 258 shares of the semiconductor company’s stock valued at $215,000 after buying an additional 103 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in ASML by 49.3% in the 3rd quarter. Tectonic Advisors LLC now owns 442 shares of the semiconductor company’s stock worth $368,000 after buying an additional 146 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. 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 report on Friday, November 29th. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. 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 report on Thursday, January 30th. Finally, BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective for the company. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

Shares of ASML opened at $737.01 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company has a market cap of $289.95 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47. The stock has a 50-day moving average price of $732.62 and a 200-day moving average price of $758.80.

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 return on equity of 47.73% and a net margin of 26.78%. As a group, equities analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s dividend payout ratio is presently 25.67%.

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.