Mirae Asset Global Investments Co. Ltd. Grows Stake in ASML Holding (NASDAQ:ASML)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in ASML Holding (NASDAQ:ASML) by 12.0% in the 4th quarter, HoldingsChannel reports. The firm owned 120,682 shares of the semiconductor company’s stock after purchasing an additional 12,972 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in ASML were worth $86,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new position in shares of ASML in the third quarter worth $25,000. Milestone Investment Advisors LLC bought a new stake in ASML in the 3rd quarter valued at $28,000. Kennebec Savings Bank lifted its stake in ASML by 227.3% in the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 25 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in shares of ASML by 46.9% during the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of ASML during the third quarter valued at about $43,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ASML shares. Sanford C. Bernstein decreased their target price on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research report on Friday, November 29th. Wells Fargo & Company upped their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday, January 30th. BNP Paribas assumed coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

ASML Trading Up 0.0 %

Shares of ASML opened at $731.41 on Wednesday. ASML Holding has a twelve month low of $645.45 and a twelve month high of $1,110.09. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $720.30 and its 200-day simple moving average is $771.01. The company has a market cap of $287.75 billion, a P/E ratio of 35.16, a P/E/G ratio of 1.62 and a beta of 1.47.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (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%. As a group, analysts expect that ASML Holding will post 25.31 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th will be paid a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date is Tuesday, February 11th. ASML’s dividend payout ratio (DPR) is presently 26.83%.

ASML Profile

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.