Connor Clark & Lunn Investment Management Ltd. lifted its stake in ASML Holding (NASDAQ:ASML - Free Report) by 121.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,262 shares of the semiconductor company's stock after purchasing an additional 1,786 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in ASML were worth $2,261,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carnegie Investment Counsel increased its stake in shares of ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company's stock worth $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in ASML in the 4th quarter worth $1,174,000. State Street Corp increased its stake in ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company's stock worth $117,323,000 after buying an additional 7,010 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in ASML by 36.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,322 shares of the semiconductor company's stock worth $18,243,000 after buying an additional 7,073 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in ASML by 104.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,009 shares of the semiconductor company's stock worth $5,840,000 after buying an additional 3,580 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Price Performance
Shares of ASML traded down $17.84 during midday trading on Friday, hitting $716.22. 1,965,756 shares of the company traded hands, compared to its average volume of 1,527,940. 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 Holding has a 52 week low of $645.45 and a 52 week high of $1,110.09. The firm has a 50 day moving average of $730.88 and a 200-day moving average of $735.13. The stock has a market cap of $281.78 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 1.62 and a beta of 1.54.
ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing analysts' consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, analysts forecast that ASML Holding will post 25.17 EPS for the current fiscal year.
ASML Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were issued a $1.5855 dividend. This is an increase from ASML's previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML's dividend payout ratio (DPR) is presently 31.35%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. BNP Paribas assumed coverage on ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target for the company. JPMorgan Chase & Co. cut their price target on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wells Fargo & Company increased their price target on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. DZ Bank raised shares of ASML from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein dropped their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating for the company in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $937.00.
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About ASML
(
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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