Pinnacle Financial Partners Inc Has $885,000 Stock Holdings in ASML Holding (NASDAQ:ASML)

Pinnacle Financial Partners Inc increased its position in ASML Holding (NASDAQ:ASMLFree Report) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 1,169 shares of the semiconductor company’s stock after buying an additional 114 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in ASML were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carmel Capital Partners LLC boosted its position in shares of ASML by 200.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 30 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake 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 in the last quarter. Addison Advisors LLC increased its stake in ASML by 220.0% in the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. Bollard Group LLC acquired a new position in shares of ASML during the second quarter valued at about $36,000. Finally, Cornerstone Planning Group LLC acquired a new position in shares of ASML during the second quarter valued at about $39,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $966.71 on Wednesday. The firm has a market cap of $381.45 billion, a price-to-earnings ratio of 44.94, a P/E/G ratio of 2.34 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.50. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,056.34. The firm’s 50-day simple moving average is $938.05 and its two-hundred day simple moving average is $760.27.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.34 billion. ASML had a net margin of 28.44% and a return on equity of 68.32%. As a group, equities analysts forecast that ASML Holding will post 20.48 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio (DPR) is currently 29.99%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Cantor Fitzgerald assumed coverage on shares of ASML in a report on Tuesday, January 23rd. They set an “overweight” rating on the stock. Kepler Capital Markets upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Raymond James boosted their price target on shares of ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $982.60.

Read Our Latest Stock Analysis on ASML

ASML Company Profile

(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.

See Also

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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