Gallacher Capital Management LLC Acquires 22 Shares of ASML Holding (NASDAQ:ASML)

Gallacher Capital Management LLC grew its position in shares of ASML Holding (NASDAQ:ASML) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 439 shares of the semiconductor company’s stock after buying an additional 22 shares during the quarter. Gallacher Capital Management LLC’s holdings in ASML were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Kennebec Savings Bank lifted its position in shares of ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after buying an additional 25 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of ASML by 740.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 42 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 37 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in shares of ASML in the 3rd quarter worth approximately $43,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of ASML in the 3rd quarter worth approximately $43,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.8 %

Shares of NASDAQ:ASML opened at $714.00 on Monday. ASML Holding has a 52-week low of $645.45 and a 52-week high of $1,110.09. The firm has a fifty day moving average of $733.01 and a 200 day moving average of $738.78. The firm has a market capitalization of $280.90 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, research analysts anticipate that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were issued a dividend of $1.5855 per share. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

ASML has been the topic of a number of research reports. Sanford C. Bernstein lowered their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. BNP Paribas initiated coverage on shares of ASML in a report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $937.00.

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.