Arcadia Investment Management Corp MI Purchases 1,300 Shares of ASML Holding (NASDAQ:ASML)

Arcadia Investment Management Corp MI lifted its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,071 shares of the semiconductor company's stock after acquiring an additional 1,300 shares during the period. Arcadia Investment Management Corp MI's holdings in ASML were worth $5,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Heritage Investors Management Corp bought a new stake in shares of ASML during the 4th quarter valued at about $1,315,000. Prossimo Advisors LLC lifted its stake in ASML by 5.3% in the 4th quarter. Prossimo Advisors LLC now owns 1,472 shares of the semiconductor company's stock worth $1,114,000 after purchasing an additional 74 shares in the last quarter. Breed s Hill Capital LLC purchased a new stake in ASML in the 4th quarter worth $271,000. Bogart Wealth LLC lifted its stake in ASML by 12.7% in the 4th quarter. Bogart Wealth LLC now owns 160 shares of the semiconductor company's stock worth $121,000 after purchasing an additional 18 shares in the last quarter. Finally, RMR Wealth Builders lifted its stake in ASML by 1.8% in the 4th quarter. RMR Wealth Builders now owns 2,094 shares of the semiconductor company's stock worth $1,585,000 after purchasing an additional 37 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Raymond James boosted their price target on shares of ASML from $850.00 to $1,000.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 25th. Cantor Fitzgerald began coverage on shares of ASML in a research note on Tuesday, January 23rd. They issued an "overweight" rating on the stock. Wells Fargo & Company increased their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Redburn Atlantic raised ASML from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 20th. Finally, Evercore ISI initiated coverage on ASML in a report on Tuesday, April 16th. They set an "outperform" rating on the stock. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,036.00.

ASML Stock Up 1.8 %

Shares of ASML traded up $16.75 during midday trading on Friday, hitting $930.29. 813,850 shares of the company's stock traded hands, compared to its average volume of 1,195,437. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,056.34. The firm's fifty day moving average is $948.52 and its 200-day moving average is $823.05. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $367.08 billion, a price-to-earnings ratio of 47.55, a price-to-earnings-growth ratio of 2.25 and a beta of 1.49.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. As a group, sell-side analysts anticipate that ASML Holding will post 20.04 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 26th. ASML's payout ratio is 32.53%.

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.

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