ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of ASML Holding (NASDAQ:ASML – Get Rating) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238 shares of the semiconductor company’s stock after purchasing an additional 38 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in ASML were worth $163,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd bought a new position in shares of ASML in the fourth quarter valued at approximately $26,000. Piscataqua Savings Bank raised its stake in shares of ASML by 90.9% in the first quarter. Piscataqua Savings Bank now owns 42 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 20 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of ASML by 78.4% in the first quarter. Valley National Advisers Inc. now owns 66 shares of the semiconductor company’s stock valued at $44,000 after acquiring an additional 29 shares during the last quarter. Rise Advisors LLC bought a new position in shares of ASML in the fourth quarter valued at approximately $47,000. Finally, Clean Yield Group raised its stake in shares of ASML by 44.2% in the first quarter. Clean Yield Group now owns 75 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 25.91% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of ASML from €475.00 ($489.69) to €525.00 ($541.24) and gave the company a “hold” rating in a research note on Thursday, July 21st. Societe Generale dropped their price objective on shares of ASML from €800.00 ($824.74) to €710.00 ($731.96) and set a “buy” rating for the company in a research report on Monday, April 25th. Credit Suisse Group dropped their price objective on shares of ASML from €960.00 ($989.69) to €920.00 ($948.45) and set an “outperform” rating for the company in a research report on Thursday, July 21st. Wells Fargo & Company dropped their price objective on shares of ASML from $750.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, July 15th. Finally, Piper Sandler dropped their price objective on shares of ASML from €767.00 ($790.72) to €630.00 ($649.48) in a research report on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $747.91.
ASML Price Performance
ASML Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be issued a $1.3991 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 4th. ASML’s dividend payout ratio (DPR) is 13.69%.
ASML Company Profile
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related 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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