HighPoint Advisor Group LLC Invests $2.02 Million in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 19th, 2024 
HighPoint Advisor Group LLC bought a new stake in ASML Holding (NASDAQ:ASML – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,674 shares of the semiconductor company’s stock, valued at approximately $2,024,000.
Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in ASML by 48,040.7% during the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after purchasing an additional 245,488 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after buying an additional 203,860 shares during the period. Kodai Capital Management LP acquired a new position in shares of ASML during the fourth quarter worth about $150,318,000. Jennison Associates LLC increased its stake in shares of 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 buying an additional 151,844 shares during the period. Finally, Sands Capital Management LLC raised its holdings in ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after acquiring an additional 121,847 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
A number of analysts have issued reports on ASML shares. HSBC started coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday. Sanford C. Bernstein reduced their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Finally, Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,043.00.
Read Our Latest Stock Report on ASML
ASML stock opened at $1,061.38 on Wednesday. The stock’s 50 day moving average price is $949.90 and its 200 day moving average price is $890.72. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,077.22. The company has a market cap of $418.81 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.49. 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 announced its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. On average, sell-side analysts predict that ASML Holding will post 20.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were paid a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.48%.
(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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