Sierra Summit Advisors LLC Makes New $214000 Investment in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 16th, 2024 
Sierra Summit Advisors LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 283 shares of the semiconductor company’s stock, valued at approximately $214,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Scarborough Advisors LLC purchased a new stake in shares of ASML during the 4th quarter worth $95,000. Garde Capital Inc. purchased a new stake in shares of ASML during the 4th quarter worth $112,000. V Square Quantitative Management LLC purchased a new stake in shares of ASML during the 4th quarter worth $1,014,000. Sunpointe LLC purchased a new stake in shares of ASML during the 4th quarter worth $908,000. Finally, Aurora Investment Counsel lifted its stake in shares of ASML by 4.5% during the 4th quarter. Aurora Investment Counsel now owns 2,928 shares of the semiconductor company’s stock worth $2,216,000 after purchasing an additional 127 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. Sanford C. Bernstein decreased their price target on 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. Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. HSBC assumed coverage on ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Finally, Wells Fargo & Company increased their price target on ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.
Read Our Latest Research Report on ASML
ASML stock opened at $1,027.90 on Friday. The firm has a market cap of $405.60 billion, a price-to-earnings ratio of 52.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.49. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,077.22. The business’s 50-day moving average price is $947.08 and its 200 day moving average price is $884.14. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.
ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping the consensus estimate of $2.84 by $0.54. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. As a group, sell-side analysts anticipate that ASML Holding will post 20.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. ASML’s dividend payout ratio is currently 32.53%.
(Free Report)
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.
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