Channing Global Advisors LLC Boosts Stock Position in ASML Holding (NASDAQ:ASML)

Channing Global Advisors LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,288 shares of the semiconductor company’s stock after buying an additional 23 shares during the period. Channing Global Advisors LLC’s holdings in ASML were worth $893,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ASML. Allspring Global Investments Holdings LLC raised its stake in ASML by 22.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,102 shares of the semiconductor company’s stock valued at $4,974,000 after purchasing an additional 1,279 shares during the period. Avidian Wealth Enterprises LLC raised its stake in ASML by 219.8% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 793 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 545 shares during the period. Great Lakes Retirement Inc. raised its stake in ASML by 8.9% during the 4th quarter. Great Lakes Retirement Inc. now owns 1,589 shares of the semiconductor company’s stock valued at $1,101,000 after purchasing an additional 130 shares during the period. Valley Brook Capital Group Inc. raised its stake in ASML by 4.1% during the 4th quarter. Valley Brook Capital Group Inc. now owns 477 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 19 shares during the period. Finally, Gladstone Institutional Advisory LLC bought a new stake in ASML during the 4th quarter valued at approximately $230,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ ASML opened at $752.98 on Wednesday. The company has a market cap of $296.24 billion, a P/E ratio of 36.20, a P/E/G ratio of 1.63 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The business’s 50 day moving average price is $726.48 and its 200-day moving average price is $764.28. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Sell-side analysts predict that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th will be issued a dividend of $1.5855 per share. The ex-dividend date is Tuesday, February 11th. This is a boost from ASML’s previous dividend of $1.08. ASML’s payout ratio is presently 25.91%.

Analysts Set New Price Targets

A number of analysts have issued reports on ASML shares. Wells Fargo & Company lifted 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. BNP Paribas started coverage on ASML in a research note on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. 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. 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. Finally, DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.