Gallacher Capital Management LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Gallacher Capital Management LLC acquired a new stake in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 402 shares of the semiconductor company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Valley Brook Capital Group Inc. acquired a new stake in ASML in the 4th quarter valued at $254,000. National Bank of Canada FI increased its stake in shares of ASML by 95.2% during the fourth quarter. National Bank of Canada FI now owns 76,263 shares of the semiconductor company’s stock worth $54,618,000 after purchasing an additional 37,203 shares in the last quarter. FourThought Financial Partners LLC raised its position in shares of ASML by 11.9% during the 4th quarter. FourThought Financial Partners LLC now owns 9,522 shares of the semiconductor company’s stock worth $7,207,000 after purchasing an additional 1,016 shares during the last quarter. TCG Advisory Services LLC lifted its stake in ASML by 6.6% in the 4th quarter. TCG Advisory Services LLC now owns 390 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 24 shares in the last quarter. Finally, Henry James International Management Inc. boosted its holdings in ASML by 0.3% in the 4th quarter. Henry James International Management Inc. now owns 13,100 shares of the semiconductor company’s stock worth $9,916,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ASML shares. Kepler Capital Markets upgraded ASML from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Evercore ISI assumed coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein dropped their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Cantor Fitzgerald initiated coverage on ASML in a research note on Tuesday, January 23rd. They set an “overweight” rating on the stock. Finally, Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

ASML traded up $15.29 on Monday, hitting $916.92. 608,769 shares of the company’s stock were exchanged, compared to its average volume of 1,216,119. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,056.34. The firm has a market cap of $361.81 billion, a PE ratio of 46.60, a P/E/G ratio of 2.25 and a beta of 1.49. 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 fifty day moving average of $951.12 and a two-hundred day moving average of $817.16.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, April 26th. ASML’s payout ratio is currently 32.53%.

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.