State Farm Mutual Automobile Insurance Co. Decreases Stock Holdings in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 12th, 2024 
State Farm Mutual Automobile Insurance Co. lessened its holdings in ASML Holding (NASDAQ:ASML – Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,758,173 shares of the semiconductor company’s stock after selling 52,998 shares during the quarter. ASML makes up about 2.0% of State Farm Mutual Automobile Insurance Co.’s holdings, making the stock its 16th largest position. State Farm Mutual Automobile Insurance Co. owned 0.70% of ASML worth $2,087,716,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC raised its stake in ASML by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after acquiring an additional 105,196 shares in the last quarter. FMR LLC grew its holdings in shares of ASML by 3.6% during the third quarter. FMR LLC now owns 3,607,702 shares of the semiconductor company’s stock worth $2,123,710,000 after purchasing an additional 126,413 shares during the last quarter. Sands Capital Management LLC increased its position in shares of ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after purchasing an additional 121,847 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of ASML by 2.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock valued at $944,028,000 after purchasing an additional 32,623 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of ASML by 2.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,173,324 shares of the semiconductor company’s stock valued at $888,112,000 after purchasing an additional 24,368 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ ASML opened at $1,036.01 on Wednesday. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,056.34. The firm has a 50-day moving average price of $942.35 and a 200 day moving average price of $877.79. The stock has a market capitalization of $408.80 billion, a P/E ratio of 52.91, a P/E/G ratio of 2.17 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.
ASML (NASDAQ:ASML – Get Free Report) last issued its 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 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 the consensus estimate of $5.73 billion. Equities research analysts expect that ASML Holding will post 20.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.52%. ASML’s payout ratio is currently 32.53%.
ASML has been the subject of several research analyst reports. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a report on Tuesday, February 20th. HSBC assumed coverage on shares of ASML in a research note on Thursday, February 22nd. They set a “buy” rating for the company. Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Wells Fargo & Company increased their target price on shares of ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Sanford C. Bernstein dropped their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,036.00.
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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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