First PREMIER Bank Grows Stake in ASML Holding (NASDAQ:ASML)

First PREMIER Bank grew its position in ASML Holding (NASDAQ:ASML) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273 shares of the semiconductor company’s stock after buying an additional 11 shares during the quarter. First PREMIER Bank’s holdings in ASML were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after buying an additional 245,488 shares in the last quarter. Wellington Management Group LLP boosted its position in ASML by 35.6% during the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares in the last quarter. Kodai Capital Management LP purchased a new position in ASML in the fourth quarter valued at about $150,318,000. Jennison Associates LLC raised its holdings in ASML by 15.3% in the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares in the last quarter. Finally, Sands Capital Management LLC lifted its position in shares of ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after buying an additional 121,847 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Stock Down 3.3 %

ASML stock opened at $1,002.01 on Tuesday. The business’s 50-day simple moving average is $955.25 and its two-hundred day simple moving average is $900.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a market cap of $395.38 billion, a PE ratio of 51.18, a PEG ratio of 2.22 and a beta of 1.49. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,077.22.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. Equities analysts anticipate that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.54%. The ex-dividend date 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.