OVERSEA CHINESE BANKING Corp Ltd Cuts Stock Holdings in ASML Holding (NASDAQ:ASML)

OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of ASML Holding (NASDAQ:ASML - Free Report) by 48.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,960 shares of the semiconductor company's stock after selling 10,352 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in ASML were worth $7,814,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Kennebec Savings Bank increased its position in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 25 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake 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 valued at $29,000 after purchasing an additional 37 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of ASML in the 4th quarter valued at about $31,000. Albion Financial Group UT boosted its stake in shares of ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 32 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of ASML in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASML. BNP Paribas began coverage on shares of ASML in a research note on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price objective on shares of 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 research note on Thursday, January 30th. Finally, Sanford C. Bernstein reduced their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ASML has an average rating of "Moderate Buy" and a consensus target price of $937.00.

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ASML Price Performance

Shares of ASML stock traded down $17.84 on Friday, reaching $716.22. The company had a trading volume of 1,965,756 shares, compared to its average volume of 1,527,940. The business's 50-day moving average is $730.88 and its 200 day moving average is $735.13. The stock has a market capitalization of $281.78 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. 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 (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) 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%. Equities research analysts forecast that ASML Holding will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed 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. 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 payout ratio is currently 31.35%.

ASML Profile

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.