Channing Global Advisors LLC Trims Stock Position in ASML Holding (NASDAQ:ASML)

Channing Global Advisors LLC cut its stake in shares of ASML Holding (NASDAQ:ASML) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 971 shares of the semiconductor company’s stock after selling 157 shares during the period. Channing Global Advisors LLC’s holdings in ASML were worth $735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC raised its stake in ASML by 200.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 45 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 30 shares during the last quarter. Addison Advisors LLC raised its stake in ASML by 220.0% during the 3rd quarter. Addison Advisors LLC now owns 48 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 33 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 15 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in ASML by 35.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 65 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 17 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC increased its position in ASML by 7,300.0% during the 3rd quarter. Bradley & Co. Private Wealth Management LLC now owns 74 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 73 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Evercore ISI assumed coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Sanford C. Bernstein dropped their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Raymond James boosted their target price on ASML from $850.00 to $1,000.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Company upped their price target on ASML from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Price Performance

NASDAQ:ASML traded up $18.09 during trading hours on Friday, reaching $918.99. 414,457 shares of the company traded hands, compared to its average volume of 1,231,877. The firm’s 50-day moving average is $955.81 and its 200-day moving average is $802.24. The stock has a market cap of $362.62 billion, a P/E ratio of 46.91, a P/E/G ratio of 2.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,056.34.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, January 24th. The semiconductor company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. ASML had a return on equity of 56.99% and a net margin of 27.23%. The firm had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.34 billion. Equities research analysts expect that ASML Holding will post 20.04 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is presently 27.02%.

About ASML

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.