M&T Bank Corp Has $14.17 Million Stock Holdings in ASML Holding N.V. $ASML

M&T Bank Corp grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,682 shares of the semiconductor company’s stock after buying an additional 516 shares during the quarter. M&T Bank Corp’s holdings in ASML were worth $14,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Boston Family Office LLC boosted its holdings in ASML by 5.6% in the second quarter. Boston Family Office LLC now owns 7,856 shares of the semiconductor company’s stock worth $6,295,000 after purchasing an additional 417 shares in the last quarter. Solidarity Wealth LLC raised its stake in shares of ASML by 37.2% in the 2nd quarter. Solidarity Wealth LLC now owns 13,909 shares of the semiconductor company’s stock valued at $11,147,000 after acquiring an additional 3,770 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of ASML by 6.3% in the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock valued at $3,401,304,000 after acquiring an additional 250,934 shares in the last quarter. VestGen Advisors LLC acquired a new stake in ASML in the 2nd quarter worth approximately $237,000. Finally, Channing Global Advisors LLC lifted its holdings in ASML by 6.3% in the 2nd quarter. Channing Global Advisors LLC now owns 1,467 shares of the semiconductor company’s stock worth $1,176,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Up 1.9%

ASML stock opened at $1,108.78 on Wednesday. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,113.20. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $1,018.72 and its 200-day moving average is $856.82. The firm has a market cap of $436.06 billion, a P/E ratio of 45.13, a P/E/G ratio of 1.80 and a beta of 1.87.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company posted $5.28 EPS. Equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 25.80%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASML. HSBC restated a “buy” rating on shares of ASML in a research note on Friday, October 17th. Bank Degroof downgraded shares of ASML to a “hold” rating in a report on Friday, October 10th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price objective on ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Citigroup restated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,140.00.

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.