Allspring Global Investments Holdings LLC Trims Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Allspring Global Investments trimmed its position by 12.1% in ASML during Q4, selling 3,556 shares and ending the period with 25,869 shares valued at $30,106,000.
• ASML raised its quarterly dividend to $3.1771 (up from $1.88), which annualizes to $12.71 and yields about 1.0%; the ex-dividend date is April 27 and the payment date is May 5.
• ASML has a market capitalization of about $518 billion and a P/E of 51.02, with a consensus analyst rating of “Moderate Buy” and a consensus price target of $1,482.50.

Allspring Global Investments Holdings LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,869 shares of the semiconductor company's stock after selling 3,556 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in ASML were worth $30,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Manning & Napier Advisors LLC acquired a new position in ASML in the third quarter valued at $25,000. City Holding Co. purchased a new stake in shares of ASML in the third quarter valued at about $26,000. Binnacle Investments Inc boosted its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after buying an additional 15 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of ASML during the third quarter worth about $34,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of ASML during the third quarter worth about $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ ASML opened at $1,317.23 on Friday. The stock has a market capitalization of $518.04 billion, a price-to-earnings ratio of 51.02, a PEG ratio of 1.31 and a beta of 1.88. The business's 50 day moving average is $1,395.18 and its two-hundred day moving average is $1,181.56. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,547.22. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a dividend of $3.1771 per share. This is a boost from ASML's previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, April 27th. ASML's dividend payout ratio is currently 25.10%.

Analyst Ratings Changes

ASML has been the topic of several recent research reports. KGI Securities set a $1,415.00 price target on ASML and gave the company an "outperform" rating in a research report on Thursday, January 15th. Susquehanna reiterated a "positive" rating on shares of ASML in a research note on Monday, January 12th. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a report on Wednesday, January 28th. Barclays restated a "buy" rating on shares of ASML in a research note on Wednesday. Finally, Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,482.50.

About ASML

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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