Trueblood Wealth Management LLC Purchases Shares of 401 ASML Holding (NASDAQ:ASML)

Trueblood Wealth Management LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 401 shares of the semiconductor company’s stock, valued at approximately $304,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Apollon Wealth Management LLC boosted its stake in ASML by 0.4% during the fourth quarter. Apollon Wealth Management LLC now owns 3,634 shares of the semiconductor company’s stock worth $1,986,000 after buying an additional 15 shares during the period. Marcum Wealth LLC increased its stake in ASML by 3.2% in the 4th quarter. Marcum Wealth LLC now owns 478 shares of the semiconductor company’s stock worth $362,000 after buying an additional 15 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares in the last quarter. Allred Capital Management LLC boosted its position in ASML by 1.4% during the 4th quarter. Allred Capital Management LLC now owns 1,080 shares of the semiconductor company’s stock valued at $817,000 after acquiring an additional 15 shares in the last quarter. Finally, Parsons Capital Management Inc. RI boosted its position in ASML by 0.5% during the third quarter. Parsons Capital Management Inc. RI now owns 3,235 shares of the semiconductor company’s stock valued at $1,904,000 after purchasing an additional 16 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 0.4 %

Shares of NASDAQ:ASML traded down $3.54 during midday trading on Thursday, reaching $970.47. 685,267 shares of the company’s stock were exchanged, compared to its average volume of 1,234,299. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 0.96. The stock has a market cap of $382.94 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 2.34 and a beta of 1.49. The firm’s 50 day simple moving average is $924.75 and its two-hundred day simple moving average is $751.81. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,056.34.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. As a group, sell-side analysts forecast that ASML Holding will post 20.48 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be issued a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, April 26th. ASML’s dividend payout ratio (DPR) is 24.59%.

Analyst Ratings Changes

Several research firms have recently commented on ASML. Cantor Fitzgerald began coverage on shares of ASML in a report on Tuesday, January 23rd. They issued an “overweight” rating on the stock. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their price target on ASML from $950.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Raymond James raised 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. Finally, Kepler Capital Markets raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $962.60.

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.