Mitsubishi UFJ Asset Management Co. Ltd. Cuts Stock Position in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on May 20th, 2024 
Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in shares of ASML Holding (NASDAQ:ASML – Free Report) by 20.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,787 shares of the semiconductor company’s stock after selling 1,762 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ASML were worth $4,774,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in ASML. Creative Financial Designs Inc. ADV grew its position in ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 15 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of ASML by 220.0% during the third quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 33 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of ASML during the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC raised 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. Finally, Bruce G. Allen Investments LLC bought a new position in ASML in the 4th quarter valued at approximately $49,000. 26.07% of the stock is owned by institutional investors.
A number of analysts have commented on the company. Wells Fargo & Company lifted their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. HSBC began coverage on ASML in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. Cantor Fitzgerald initiated coverage on shares of ASML in a report on Tuesday, January 23rd. They set an “overweight” rating on the stock. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein dropped their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Four investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,036.00.
View Our Latest Stock Analysis on ASML
Shares of ASML stock opened at $924.97 on Monday. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,056.34. The firm has a fifty day moving average price of $939.34 and a 200-day moving average price of $840.26. The company has a market cap of $364.98 billion, a price-to-earnings ratio of 47.24, a PEG ratio of 2.31 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 issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. As a group, equities analysts predict that ASML Holding will post 20.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a $1.343 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.58%. 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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