Norden Group LLC Purchases 19 Shares of ASML Holding (NASDAQ:ASML)

Norden Group LLC lifted its position in shares of ASML Holding (NASDAQ:ASML) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431 shares of the semiconductor company’s stock after purchasing an additional 19 shares during the period. Norden Group LLC’s holdings in ASML were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ASML. Carmel Capital Partners LLC increased its position in ASML by 200.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 30 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in ASML by 48.4% in 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 during the period. Addison Advisors LLC raised its position in ASML by 220.0% during the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 33 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in ASML during the 4th quarter worth about $44,000. Finally, Catalyst Capital Advisors LLC grew its position in shares of ASML by 35.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASML. HSBC initiated coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Wells Fargo & Company lifted their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James increased their price target on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Sanford C. Bernstein lowered their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Finally, Kepler Capital Markets raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Four equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

ASML Stock Performance

Shares of ASML stock opened at $852.84 on Thursday. 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 firm has a fifty day simple moving average of $953.38 and a two-hundred day simple moving average of $811.61. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,056.34. The firm has a market capitalization of $336.52 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 2.27 and a beta of 1.48.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s payout ratio is presently 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.