Spire Wealth Management Sells 164 Shares of ASML Holding (NASDAQ:ASML)

Spire Wealth Management lessened its stake in ASML Holding (NASDAQ:ASML) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,692 shares of the semiconductor company’s stock after selling 164 shares during the period. Spire Wealth Management’s holdings in ASML were worth $1,173,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ASML. Carnegie Investment Counsel raised its stake in ASML by 68.9% during the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after buying an additional 868 shares during the period. Central Pacific Bank Trust Division acquired a new position in ASML during the 4th quarter worth approximately $1,174,000. Taurus Asset Management LLC acquired a new position in ASML during the 3rd quarter worth approximately $16,994,000. State Street Corp raised its stake in shares of ASML by 5.2% in the third quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares during the last quarter. Finally, Stockman Wealth Management Inc. raised its stake in shares of ASML by 7.2% in the third quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research note on Friday, November 29th. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price target on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $937.00.

ASML Stock Down 1.1 %

Shares of NASDAQ:ASML opened at $731.05 on Tuesday. ASML Holding has a 1 year low of $645.45 and a 1 year high of $1,110.09. The company has a market cap of $287.61 billion, a PE ratio of 35.15, a P/E/G ratio of 1.62 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The stock’s 50-day moving average is $719.37 and its 200 day moving average is $772.37.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Sell-side analysts anticipate that ASML Holding will post 25.31 EPS for the current year.

ASML Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th will be given a $1.5855 dividend. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date is Tuesday, February 11th. ASML’s payout ratio is currently 25.91%.

ASML 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.