Advisory Services Network LLC Decreases Position in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on May 30th, 2024 
Advisory Services Network LLC reduced its position in shares of ASML Holding (NASDAQ:ASML – Free Report) by 57.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,533 shares of the semiconductor company’s stock after selling 2,062 shares during the period. Advisory Services Network LLC’s holdings in ASML were worth $1,161,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in ASML. Van ECK Associates Corp raised its stake in ASML by 34.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,067,413 shares of the semiconductor company’s stock valued at $628,344,000 after purchasing an additional 274,562 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after buying an additional 245,488 shares in the last quarter. Jennison Associates LLC boosted its position in ASML by 15.3% during the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after acquiring an additional 151,844 shares during the last quarter. FMR LLC grew its stake in ASML by 3.6% during the 3rd quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock valued at $2,123,710,000 after acquiring an additional 126,413 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in ASML by 37.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 388,291 shares of the semiconductor company’s stock valued at $228,571,000 after acquiring an additional 106,663 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
Several equities research analysts recently commented on ASML shares. Sanford C. Bernstein cut their price target 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. Wells Fargo & Company boosted their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Redburn Atlantic upgraded shares of ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Finally, HSBC assumed coverage on ASML in a report on Thursday, February 22nd. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,036.00.
View Our Latest Stock Report on ASML
Shares of NASDAQ ASML opened at $957.88 on Thursday. The stock has a fifty day simple moving average of $937.41 and a 200-day simple moving average of $856.07. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,056.34. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $377.97 billion, a PE ratio of 48.92, a PEG ratio of 2.37 and a beta of 1.49.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. On average, equities analysts forecast that ASML Holding will post 20.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were paid a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, April 26th. ASML’s payout ratio is currently 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.
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