Riggs Asset Managment Co. Inc. Raises Position in ASML Holding (NASDAQ:ASML)

Riggs Asset Managment Co. Inc. raised its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,678 shares of the semiconductor company's stock after purchasing an additional 924 shares during the quarter. ASML accounts for 2.3% of Riggs Asset Managment Co. Inc.'s portfolio, making the stock its 11th largest position. Riggs Asset Managment Co. Inc.'s holdings in ASML were worth $7,325,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Carmel Capital Partners LLC grew its holdings in ASML by 200.0% during the third quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 30 shares during the period. Addison Advisors LLC grew its holdings in ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 33 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 15 shares during the period. Catalyst Capital Advisors LLC boosted its position in ASML by 35.4% during the third quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 17 shares in the last quarter. Finally, Cornerstone Planning Group LLC purchased a new position in ASML during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Susquehanna increased their price target on ASML from $830.00 to $1,100.00 and gave the stock a "positive" rating in a research report on Friday, January 26th. Raymond James raised their target price on ASML from $850.00 to $1,000.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 25th. Redburn Atlantic upgraded ASML from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 20th. Cantor Fitzgerald initiated coverage on ASML in a research report on Tuesday, January 23rd. They set an "overweight" rating on the stock. Finally, Kepler Capital Markets upgraded ASML from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,036.00.

ASML Trading Down 3.3 %

Shares of NASDAQ ASML traded down $29.49 during trading on Friday, reaching $859.54. The stock had a trading volume of 2,486,841 shares, compared to its average volume of 1,050,484. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,056.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.96 and a current ratio of 1.54. The business's 50-day moving average price is $958.18 and its 200-day moving average price is $795.27. The company has a market cap of $339.17 billion, a P/E ratio of 43.90, a PEG ratio of 2.19 and a beta of 1.48.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share for the quarter, beating analysts' consensus estimates of $5.12 by $0.48. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.34 billion. On average, equities research analysts predict that ASML Holding will post 20.31 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Investors of record on Monday, April 29th will be paid a dividend of $1.343 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $5.37 annualized dividend and a yield of 0.62%. ASML's payout ratio is 27.02%.

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.