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Allspring Global Investments Holdings LLC Acquires 4,944 Shares of ASML Holding N.V. $ASML

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Key Points

  • Allspring Global Investments Holdings LLC increased its stake in ASML Holding N.V. by 30.1%, acquiring an additional 4,944 shares during the second quarter, bringing its total holdings to 21,386 shares valued at $16.9 million.
  • ASML recently reported quarterly earnings with an EPS of $6.41, exceeding estimates, and revenue of $8.71 billion, slightly below forecasts.
  • The company announced a quarterly dividend increase to $1.857 per share, resulting in an annualized yield of 0.7%, with the ex-dividend date set for October 29th.
  • Five stocks we like better than ASML.

Allspring Global Investments Holdings LLC lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 30.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,386 shares of the semiconductor company's stock after purchasing an additional 4,944 shares during the period. Allspring Global Investments Holdings LLC's holdings in ASML were worth $16,905,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. bought a new stake in ASML during the 1st quarter valued at $360,262,000. Invesco Ltd. raised its position in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after acquiring an additional 367,505 shares in the last quarter. Amundi lifted its stake in shares of ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock worth $403,215,000 after purchasing an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. boosted its position in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock valued at $469,183,000 after purchasing an additional 268,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock valued at $631,079,000 after purchasing an additional 199,740 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Up 0.9%

NASDAQ:ASML opened at $1,029.27 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00. The company has a market cap of $404.79 billion, a PE ratio of 41.89, a P/E/G ratio of 1.70 and a beta of 1.87. The company's 50 day moving average is $864.28 and its two-hundred day moving average is $773.30.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.28 earnings per share. Analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a boost from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein reissued a "neutral" rating on shares of ASML in a research report on Friday. Mizuho upgraded shares of ASML from a "neutral" rating to an "outperform" rating in a research note on Monday, September 29th. The Goldman Sachs Group reissued a "buy" rating on shares of ASML in a research report on Friday, October 10th. Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Thursday. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of ASML in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,051.60.

Read Our Latest Analysis on ASML

ASML Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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