M&T Bank Corp Sells 1,053 Shares of ASML Holding N.V. $ASML

Key Points

• M&T Bank Corp sold 1,053 shares of ASML in Q4, trimming its stake by 7.6% to 12,845 shares valued at about $13.74 million.
• Large institutional moves include the Regents of the University of California opening a new ~ $413 million position and Dimensional Fund Advisors holding roughly 990,816 shares (~$959 million), with institutions owning about 26.07% of ASML.
• ASML is trading near $1,386 with a market cap of $545.2 billion and carries a consensus analyst rating of "Moderate Buy" and a price target of $1,504.38.

M&T Bank Corp decreased its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,845 shares of the semiconductor company's stock after selling 1,053 shares during the quarter. M&T Bank Corp's holdings in ASML were worth $13,743,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Telos Capital Management Inc. increased its holdings in ASML by 4.5% in the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company's stock valued at $10,504,000 after buying an additional 463 shares during the period. Regents of The University of California bought a new position in ASML in the 3rd quarter valued at about $413,335,000. Dimensional Fund Advisors LP increased its holdings in ASML by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company's stock valued at $959,180,000 after buying an additional 38,660 shares during the period. Transcendent Capital Group LLC bought a new position in ASML in the 3rd quarter valued at about $680,000. Finally, Principal Financial Group Inc. increased its holdings in ASML by 34.5% in the 3rd quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company's stock valued at $15,086,000 after buying an additional 4,001 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 2.9%

Shares of ASML stock opened at $1,386.21 on Tuesday. The firm has a market capitalization of $545.17 billion, a PE ratio of 49.72, a price-to-earnings-growth ratio of 1.43 and a beta of 1.81. The company has a current ratio of 1.36, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm's 50 day moving average is $1,399.33 and its 200 day moving average is $1,250.24. ASML Holding N.V. has a 1 year low of $675.50 and a 1 year high of $1,547.22.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their price target on shares of ASML from $1,625.00 to $1,700.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. UBS Group reaffirmed a "buy" rating on shares of ASML in a report on Thursday, April 23rd. Susquehanna reaffirmed a "positive" rating on shares of ASML in a report on Thursday, April 9th. Finally, Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,504.38.

ASML Profile

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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