CIBC Private Wealth Group LLC Sells 94,647 Shares of ASML Holding (NASDAQ:ASML)

CIBC Private Wealth Group LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 62.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 56,966 shares of the semiconductor company’s stock after selling 94,647 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in ASML were worth $42,381,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC raised its holdings in shares of ASML by 167.8% during the fourth quarter. RWA Wealth Partners LLC now owns 29,444 shares of the semiconductor company’s stock worth $20,407,000 after acquiring an additional 18,448 shares during the period. Summit Securities Group LLC bought a new position in ASML during the 4th quarter worth about $60,000. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 1,683.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,590 shares of the semiconductor company’s stock valued at $26,746,000 after purchasing an additional 36,426 shares during the period. American Money Management LLC lifted its holdings in shares of ASML by 2.0% in the fourth quarter. American Money Management LLC now owns 7,806 shares of the semiconductor company’s stock valued at $5,410,000 after purchasing an additional 151 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of ASML by 8.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,565 shares of the semiconductor company’s stock worth $1,085,000 after buying an additional 128 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. BNP Paribas assumed coverage on shares of ASML in a research report on Tuesday, December 3rd. They issued an “outperform” rating and a $858.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price target on shares of ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $937.00.

ASML Stock Performance

Shares of ASML opened at $674.58 on Monday. The company has a market cap of $265.39 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.62 and a beta of 1.54. The firm has a 50-day moving average of $727.46 and a 200-day moving average of $731.53. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 0.99.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a return on equity of 47.73% and a net margin of 26.78%. As a group, equities analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be issued a dividend of $1.5855 per share. This is an increase from ASML’s previous dividend of $1.08. The ex-dividend date is Monday, April 28th. ASML’s payout ratio is presently 31.35%.

ASML 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.