Truist Financial Corp increased its position in ASML Holding (NASDAQ:ASML – Free Report) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,971 shares of the semiconductor company’s stock after purchasing an additional 3,979 shares during the quarter. Truist Financial Corp’s holdings in ASML were worth $21,763,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC purchased a new position in shares of ASML in the first quarter valued at $27,000. GPS Wealth Strategies Group LLC bought a new position in ASML during the 1st quarter valued at $27,000. Schubert & Co boosted its stake in ASML by 100.0% during the 1st quarter. Schubert & Co now owns 48 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 24 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in ASML by 126.1% during the 1st quarter. Armstrong Advisory Group Inc. now owns 52 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 29 shares during the last quarter. Finally, Bogart Wealth LLC boosted its stake in ASML by 124.1% during the 1st quarter. Bogart Wealth LLC now owns 65 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 36 shares during the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on ASML. Sanford C. Bernstein downgraded shares of ASML from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $810.00 to $785.00 in a research note on Friday, July 28th. StockNews.com started coverage on shares of ASML in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Wells Fargo & Company raised their price target on shares of ASML from $775.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday, July 20th. New Street Research downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research report on Friday, June 16th. Finally, Societe Generale downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $730.18.
ASML Stock Up 2.3 %
Shares of NASDAQ ASML opened at $693.42 on Tuesday. The firm’s 50-day simple moving average is $716.49 and its 200 day simple moving average is $673.92. The company has a market cap of $273.62 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.09 and a beta of 1.42. The company has a quick ratio of 0.88, a current ratio of 1.34 and a debt-to-equity ratio of 0.43. ASML Holding has a 12-month low of $363.15 and a 12-month high of $771.98.
ASML Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 10th. Shareholders of record on Wednesday, August 2nd will be issued a dividend of $1.6281 per share. This is a boost from ASML’s previous quarterly dividend of $1.27. This represents a $6.51 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, August 1st. ASML’s payout ratio is currently 13.76%.
About ASML
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company 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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