Wellington Management Group LLP Has $587.95 Million Stock Position in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 17th, 2024 
Wellington Management Group LLP lifted its stake in ASML Holding (NASDAQ:ASML – Free Report) by 35.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 776,768 shares of the semiconductor company’s stock after acquiring an additional 203,860 shares during the period. Wellington Management Group LLP owned approximately 0.20% of ASML worth $587,951,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the fourth quarter worth $34,000. Creative Financial Designs Inc. ADV lifted its position in ASML by 48.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 15 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in ASML in the fourth quarter worth $44,000. Bruce G. Allen Investments LLC bought a new position in ASML in the fourth quarter worth $49,000. Finally, Orion Capital Management LLC bought a new position in ASML in the third quarter worth $58,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
ASML has been the subject of several research reports. Wells Fargo & Company raised their target price on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Evercore ISI assumed coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein cut their price objective 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. Redburn Atlantic raised 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 set a “buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.
Get Our Latest Stock Report on ASML
ASML stock opened at $1,027.90 on Monday. The stock has a 50-day simple moving average of $947.08 and a 200 day simple moving average of $885.52. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $405.60 billion, a price-to-earnings ratio of 52.50, a P/E/G ratio of 2.17 and a beta of 1.49. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22.
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, topping analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, research analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.
The company also recently disclosed 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 of this dividend 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.
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