ASML Holding (NASDAQ:ASML) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in ASML Holding (NASDAQ:ASML) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,749 shares of the semiconductor company’s stock after selling 594 shares during the quarter. M&T Bank Corp’s holdings in ASML were worth $11,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. Marks Group Wealth Management Inc boosted its holdings in ASML by 11.8% in the third quarter. Marks Group Wealth Management Inc now owns 1,909 shares of the semiconductor company’s stock valued at $1,591,000 after acquiring an additional 201 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in ASML by 10.0% in the third quarter. Catalina Capital Group LLC now owns 560 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 51 shares during the last quarter. 1834 Investment Advisors Co. boosted its holdings in ASML by 55.4% in the third quarter. 1834 Investment Advisors Co. now owns 631 shares of the semiconductor company’s stock valued at $526,000 after acquiring an additional 225 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in ASML by 12.4% in the third quarter. Concurrent Investment Advisors LLC now owns 1,262 shares of the semiconductor company’s stock valued at $1,051,000 after acquiring an additional 139 shares during the last quarter. Finally, D.B. Root & Company LLC boosted its holdings in ASML by 5.1% in the third quarter. D.B. Root & Company LLC now owns 538 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 3.4 %

NASDAQ:ASML opened at $714.84 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The business’s 50-day simple moving average is $732.88 and its 200 day simple moving average is $749.78. The stock has a market cap of $281.23 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54.

ASML (NASDAQ:ASML) last released 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%. As a group, sell-side analysts predict that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were issued a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s payout ratio is currently 31.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ASML. DZ Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company boosted their price objective on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein reduced their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. JPMorgan Chase & Co. reduced their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, BNP Paribas began coverage on ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Two 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Company 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.