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Bingham Private Wealth LLC Takes $1.44 Million Position in ASML Holding N.V. $ASML

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Key Points

  • Bingham Private Wealth LLC bought 1,350 shares of ASML valued at about $1.44 million in Q4, representing roughly 1.2% of its portfolio and making ASML its 20th-largest holding.
  • Analyst sentiment is broadly positive—MarketBeat shows two Strong Buy, 21 Buy, six Hold and two Sell ratings (average rating: Moderate Buy) with an average price target of $1,482.50—and investors are bullish on AI/memory-driven EUV demand and a hefty backlog that could boost future sales.
  • ASML recently raised its quarterly dividend to $3.1771 ($12.71 annualized, yield 0.8%), disclosed share buyback transactions, and trades near its 12-month high with a market cap around $597 billion and a P/E of 58.8.
  • MarketBeat previews top five stocks to own in May.

Bingham Private Wealth LLC purchased a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,350 shares of the semiconductor company's stock, valued at approximately $1,444,000. ASML comprises about 1.2% of Bingham Private Wealth LLC's portfolio, making the stock its 20th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in shares of ASML in the 3rd quarter worth approximately $25,000. City Holding Co. bought a new position in shares of ASML in the 3rd quarter worth approximately $26,000. Binnacle Investments Inc lifted its stake in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares during the period. JPL Wealth Management LLC bought a new position in shares of ASML in the 3rd quarter worth approximately $34,000. Finally, Wealth Watch Advisors INC bought a new position in shares of ASML in the 3rd quarter worth approximately $34,000. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research note on Wednesday, February 25th. Santander cut shares of ASML from a "neutral" rating to an "underperform" rating in a research note on Thursday, January 22nd. KGI Securities set a $1,415.00 price objective on shares of ASML and gave the stock an "outperform" rating in a research note on Thursday, January 15th. Jefferies Financial Group reiterated a "neutral" rating on shares of ASML in a research note on Wednesday, April 8th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,482.50.

View Our Latest Report on ASML

More ASML News

Here are the key news stories impacting ASML this week:

ASML Price Performance

NASDAQ ASML opened at $1,518.30 on Wednesday. ASML Holding N.V. has a 12 month low of $614.06 and a 12 month high of $1,547.22. The stock has a market cap of $597.12 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.62 and a beta of 1.88. The company's 50 day moving average is $1,393.15 and its two-hundred day moving average is $1,212.61. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. This represents a $12.71 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, April 27th. This is a positive change from ASML's previous quarterly dividend of $1.88. ASML's dividend payout ratio (DPR) is 25.10%.

About ASML

(Free Report)

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Read More

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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