Mengis Capital Management Inc. bought a new position in ASML Holding (NASDAQ:ASML – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,570 shares of the semiconductor company’s stock, valued at approximately $1,781,000.
Other institutional investors also recently bought and sold shares of the company. Carnegie Investment Counsel boosted its stake in ASML by 68.9% in the 4th quarter. Carnegie Investment Counsel now owns 2,128 shares of the semiconductor company’s stock worth $1,475,000 after purchasing an additional 868 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in ASML in the 4th quarter worth approximately $1,174,000. Taurus Asset Management LLC acquired a new stake in ASML in the 3rd quarter worth approximately $16,994,000. State Street Corp boosted its stake in ASML by 5.2% in the 3rd quarter. State Street Corp now owns 140,802 shares of the semiconductor company’s stock worth $117,323,000 after purchasing an additional 7,010 shares in the last quarter. Finally, Stockman Wealth Management Inc. raised its position in ASML by 7.2% during the 3rd quarter. Stockman Wealth Management Inc. now owns 15,361 shares of the semiconductor company’s stock worth $12,800,000 after buying an additional 1,032 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company raised their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Sanford C. Bernstein reduced their price target on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Finally, DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.
ASML Price Performance
NASDAQ:ASML opened at $735.96 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99. The firm has a market cap of $289.54 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. The company has a 50 day moving average price of $732.89 and a 200-day moving average price of $757.27. ASML Holding has a 1-year low of $645.45 and a 1-year high of $1,110.09.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 EPS for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. Equities research analysts forecast that ASML Holding will post 25.17 EPS for the current year.
ASML Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were issued a $1.5855 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from ASML’s previous dividend of $1.08. ASML’s payout ratio is presently 25.67%.
About ASML
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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