Raymond James & Associates boosted its holdings in shares of ASML Holding (NASDAQ:ASML) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,479 shares of the semiconductor company’s stock after acquiring an additional 7,079 shares during the quarter. Raymond James & Associates’ holdings in ASML were worth $28,242,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new stake in shares of ASML during the 4th quarter valued at about $100,000. First Manhattan Co. acquired a new stake in shares of ASML during the 4th quarter valued at about $201,000. Northeast Investment Management acquired a new stake in shares of ASML during the 3rd quarter valued at about $209,000. Mission Wealth Management LP acquired a new stake in shares of ASML during the 4th quarter valued at about $222,000. Finally, Calton & Associates Inc. acquired a new stake in shares of ASML during the 4th quarter valued at about $224,000. Hedge funds and other institutional investors own 16.90% of the company’s stock.
ASML traded down $4.05 on Friday, hitting $194.63. The company had a trading volume of 837,891 shares, compared to its average volume of 934,425. ASML Holding has a 1-year low of $126.03 and a 1-year high of $216.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.81 and a current ratio of 2.70. The firm has a market cap of $83,183.50, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17.
ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.52. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.15 billion. ASML had a return on equity of 21.16% and a net margin of 24.28%. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. analysts anticipate that ASML Holding will post 7.31 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 30th will be given a $1.7181 dividend. This is an increase from ASML’s previous annual dividend of $0.71. This represents a yield of 0.84%. The ex-dividend date is Friday, April 27th. ASML’s payout ratio is currently 19.93%.
ASML declared that its Board of Directors has approved a stock buyback program on Wednesday, January 17th that allows the company to repurchase outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several brokerages have recently issued reports on ASML. Zacks Investment Research upgraded ASML from a “sell” rating to a “hold” rating and set a $201.00 price target for the company in a report on Tuesday, January 2nd. ValuEngine upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. B. Riley lifted their price target on ASML from $166.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. BidaskClub upgraded ASML from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. Finally, Royal Bank of Canada boosted their target price on ASML to $210.00 and gave the stock a “sector perform” rating in a report on Thursday, January 18th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $196.29.
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ASML Company Profile
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.
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