Envestnet Asset Management Inc. grew its position in ASML Holding (NASDAQ:ASML) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,239 shares of the semiconductor company’s stock after buying an additional 523 shares during the period. Envestnet Asset Management Inc.’s holdings in ASML were worth $2,475,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. purchased a new position in shares of ASML during the 4th quarter worth approximately $100,000. Delek Group Ltd. purchased a new position in shares of ASML during the 4th quarter worth approximately $111,000. We Are One Seven LLC purchased a new position in shares of ASML during the 4th quarter worth approximately $117,000. Calton & Associates Inc. purchased a new position in shares of ASML during the 4th quarter worth approximately $224,000. Finally, First Manhattan Co. purchased a new position in shares of ASML during the 4th quarter worth approximately $201,000. 16.90% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on ASML shares. Zacks Investment Research raised shares of ASML from a “hold” rating to a “buy” rating and set a $228.00 price objective for the company in a research report on Friday, January 19th. BidaskClub raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Friday, January 19th. ValuEngine raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Santander cut shares of ASML from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Finally, B. Riley reaffirmed a “hold” rating and set a $166.00 price objective on shares of ASML in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $196.29.
ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 17th. The semiconductor company reported $1.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.52. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.15 billion. ASML had a net margin of 24.28% and a return on equity of 21.16%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. equities analysts expect that ASML Holding will post 7.31 earnings per share for the current fiscal year.
The firm also recently announced an annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 30th will be issued a dividend of $1.7181 per share. The ex-dividend date of this dividend is Friday, April 27th. This is a positive change from ASML’s previous annual dividend of $0.71. This represents a yield of 0.84%. ASML’s dividend payout ratio is 19.93%.
ASML announced that its board has initiated a share buyback program on Wednesday, January 17th that allows the company to buyback outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography related systems primarily in the Netherlands, the United States, and Asia. It sells three categories of products, including DUV lithography, EUV lithography, and Holistic lithography solutions.
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