Connor Clark & Lunn Investment Management Ltd. Purchases 1,786 Shares of ASML Holding (NASDAQ:ASML)

Connor Clark & Lunn Investment Management Ltd. lifted its position in ASML Holding (NASDAQ:ASML) by 121.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,262 shares of the semiconductor company’s stock after acquiring an additional 1,786 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in ASML were worth $2,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. raised its stake in shares of ASML by 4.8% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in shares of ASML by 0.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after purchasing an additional 14 shares during the last quarter. Trust Point Inc. lifted its position in ASML by 2.4% during the fourth quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock valued at $420,000 after purchasing an additional 14 shares during the period. Sunpointe LLC boosted its holdings in ASML by 1.3% in the fourth quarter. Sunpointe LLC now owns 1,114 shares of the semiconductor company’s stock worth $772,000 after purchasing an additional 14 shares during the last quarter. Finally, Family Capital Management Inc. grew its position in ASML by 1.7% in the 3rd quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company’s stock worth $757,000 after purchasing an additional 15 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein dropped their price target on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company upped their price target on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their price objective 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, BNP Paribas started coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $937.00.

ASML Stock Performance

ASML opened at $731.11 on Wednesday. The stock has a market capitalization of $287.63 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.62 and a beta of 1.54. ASML Holding has a fifty-two week low of $645.45 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.53. The company has a fifty day moving average of $731.72 and a 200 day moving average of $736.46.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that ASML Holding will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were paid a dividend of $1.5855 per share. This is a boost from ASML’s previous dividend of $1.08. The ex-dividend date was Tuesday, February 11th. ASML’s payout ratio is presently 31.35%.

ASML Company 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.