Truist Financial Corp Acquires 3,214 Shares of ASML Holding (NASDAQ:ASML)

Truist Financial Corp boosted its holdings in ASML Holding (NASDAQ:ASML - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,211 shares of the semiconductor company's stock after purchasing an additional 3,214 shares during the period. Truist Financial Corp's holdings in ASML were worth $32,028,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ASML. Steigerwald Gordon & Koch Inc. increased its position in shares of ASML by 4.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company's stock valued at $211,000 after buying an additional 14 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in ASML by 0.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company's stock worth $2,223,000 after purchasing an additional 14 shares during the period. Trust Point Inc. grew its holdings in ASML by 2.4% in the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company's stock worth $420,000 after purchasing an additional 14 shares during the period. Fortitude Family Office LLC lifted its stake in shares of ASML by 46.9% in the third quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company's stock worth $39,000 after buying an additional 15 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of ASML by 1.7% in the third quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company's stock worth $768,000 after buying an additional 15 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ASML shares. Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered 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 report on Thursday, January 30th. Sanford C. Bernstein lowered their price objective on shares of ASML from $815.00 to $767.00 and set an "outperform" rating on the stock in a research report on Friday, November 29th. DZ Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, BNP Paribas began coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an "outperform" rating and a $858.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $937.00.

ASML Trading Down 0.8 %

ASML stock traded down $6.08 during mid-day trading on Friday, reaching $737.01. 1,471,505 shares of the stock traded hands, compared to its average volume of 1,797,356. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The stock has a market capitalization of $289.96 billion, a PE ratio of 35.43, a PEG ratio of 1.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The business has a 50-day moving average price of $732.25 and a two-hundred day moving average price of $759.97.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data 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 expect that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 19th. Stockholders of record on Tuesday, February 11th were paid a dividend of $1.5855 per share. This is a positive change 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%.

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.