1832 Asset Management L.P. Acquires 1487 Shares of ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 10th, 2024 
1832 Asset Management L.P. increased its position in ASML Holding (NASDAQ:ASML – Free Report) by 208.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,200 shares of the semiconductor company’s stock after acquiring an additional 1,487 shares during the quarter. 1832 Asset Management L.P.’s holdings in ASML were worth $1,665,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV increased its holdings in ASML by 48.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 15 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in ASML by 35.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 17 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in ASML in the 4th quarter worth about $44,000. Bruce G. Allen Investments LLC purchased a new stake in ASML in the 4th quarter worth about $49,000. Finally, Orion Capital Management LLC purchased a new stake in ASML in the 3rd quarter worth about $58,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.
A number of research analysts have weighed in on ASML shares. Wells Fargo & Company lifted their target price on ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Evercore ISI started coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC started coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,036.00.
Read Our Latest Stock Analysis on ASML
NASDAQ:ASML opened at $1,028.42 on Monday. The business has a 50 day moving average of $939.99 and a 200 day moving average of $872.85. The company has a market capitalization of $405.80 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 2.55 and a beta of 1.49. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.
ASML (NASDAQ:ASML – Get Free Report) last released its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, sell-side analysts predict that ASML Holding will post 20.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were given a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. ASML’s payout ratio is 32.53%.
(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.
Receive News & Ratings for ASML Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ASML and related companies with MarketBeat.com’s FREE daily email newsletter.
1832 Asset Management L.P. Reduces Stock Position in iShares MSCI Intl Momentum Factor ETF (NYSEARCA:IMTM)
1832 Asset Management L.P. Purchases New Stake in Johnson Controls International plc (NYSE:JCI)
