Baird Financial Group Inc. lowered its position in shares of ASML Holding NV (NASDAQ:ASML) by 17.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 170,655 shares of the semiconductor company’s stock after selling 35,078 shares during the quarter. Baird Financial Group Inc.’s holdings in ASML were worth $29,663,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. American International Group Inc. purchased a new stake in shares of ASML during the 4th quarter worth approximately $706,000. UBS Asset Management Americas Inc. increased its stake in shares of ASML by 2.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 35,428 shares of the semiconductor company’s stock worth $6,158,000 after purchasing an additional 912 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ASML by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 349,486 shares of the semiconductor company’s stock worth $60,747,000 after purchasing an additional 14,280 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of ASML by 11.5% during the 4th quarter. Wells Fargo & Company MN now owns 318,830 shares of the semiconductor company’s stock worth $55,420,000 after purchasing an additional 32,858 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of ASML by 784.7% during the 4th quarter. First Trust Advisors LP now owns 434,277 shares of the semiconductor company’s stock worth $75,486,000 after purchasing an additional 385,191 shares during the last quarter. 16.69% of the stock is currently owned by hedge funds and other institutional investors.
ASML has been the subject of several research analyst reports. Zacks Investment Research lowered shares of ASML from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. BidaskClub upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Credit Suisse Group upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, January 15th. B. Riley restated a “hold” rating and set a $166.00 price target on shares of ASML in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada raised their price target on shares of ASML to $210.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. ASML presently has an average rating of “Buy” and an average price target of $196.29.
ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.52. ASML had a net margin of 24.28% and a return on equity of 21.16%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the business earned $1.23 EPS. ASML’s revenue was up 34.3% compared to the same quarter last year. equities analysts predict that ASML Holding NV will post 7.31 earnings per share for the current fiscal year.
ASML declared that its board has authorized a share repurchase plan on Wednesday, January 17th that allows the company to repurchase shares. This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 30th will be paid a $1.7181 dividend. This represents a yield of 0.84%. This is a positive change from ASML’s previous annual dividend of $0.71. The ex-dividend date of this dividend is Friday, April 27th. ASML’s payout ratio is currently 18.23%.
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ASML Company Profile
ASML Holding N.V. is a holding company. The Company is a manufacturer of chip-making equipment. The Company is engaged in the development, production, marketing, selling and servicing of semiconductor equipment systems, consisting of lithography systems. The Company’s products include systems, and installed base products and services.
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