ICICI Prudential Asset Management Co Ltd raised its position in ASML Holding (NASDAQ:ASML - Free Report) by 124.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,755 shares of the semiconductor company's stock after acquiring an additional 1,525 shares during the quarter. ICICI Prudential Asset Management Co Ltd's holdings in ASML were worth $1,909,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Financial Perspectives Inc raised its stake in shares of ASML by 4.3% in the fourth quarter. Financial Perspectives Inc now owns 1,717 shares of the semiconductor company's stock worth $1,190,000 after buying an additional 71 shares during the period. Pegasus Asset Management Inc. raised its stake in shares of ASML by 43.0% in the fourth quarter. Pegasus Asset Management Inc. now owns 4,581 shares of the semiconductor company's stock worth $3,175,000 after buying an additional 1,377 shares during the period. Hudson Value Partners LLC raised its stake in shares of ASML by 994.6% in the fourth quarter. Hudson Value Partners LLC now owns 5,112 shares of the semiconductor company's stock worth $3,543,000 after buying an additional 4,645 shares during the period. Lyell Wealth Management LP raised its stake in shares of ASML by 5.4% in the fourth quarter. Lyell Wealth Management LP now owns 19,024 shares of the semiconductor company's stock worth $13,185,000 after buying an additional 982 shares during the period. Finally, Callahan Advisors LLC raised its stake in shares of ASML by 24.5% in the fourth quarter. Callahan Advisors LLC now owns 7,292 shares of the semiconductor company's stock worth $5,054,000 after buying an additional 1,434 shares during the period. Institutional investors own 26.07% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented 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 objective on the stock. Sanford C. Bernstein cut their target price on ASML from $815.00 to $767.00 and set an "outperform" rating for the company in a research report on Friday, November 29th. JPMorgan Chase & Co. cut their target price on ASML from $1,148.00 to $1,100.00 and set an "overweight" rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company increased their target price on ASML from $790.00 to $860.00 and gave the stock an "overweight" rating in a research report on Monday, January 13th. Finally, DZ Bank upgraded ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $937.00.
Check Out Our Latest Stock Report on ASML
ASML Price Performance
NASDAQ ASML traded down $6.08 during trading on Friday, hitting $737.01. 1,471,505 shares of the stock traded hands, compared to its average volume of 1,797,356. The company has a market capitalization of $289.96 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 1.64 and a beta of 1.47. The firm has a 50-day simple moving average of $732.62 and a 200-day simple moving average of $759.39. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.
ASML (NASDAQ:ASML - Get Free Report) last released 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 net margin of 26.78% and a return on equity of 47.73%. As a group, analysts predict that ASML Holding will post 25.17 EPS for the current year.
ASML Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were issued a dividend of $1.5855 per share. The ex-dividend date was Tuesday, February 11th. This is a boost from ASML's previous dividend of $1.08. ASML's dividend payout ratio (DPR) is currently 31.35%.
ASML Profile
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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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