TrueMark Investments LLC Has $1.96 Million Stock Position in ASML Holding N.V. $ASML

TrueMark Investments LLC decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 16.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,444 shares of the semiconductor company’s stock after selling 496 shares during the quarter. TrueMark Investments LLC’s holdings in ASML were worth $1,959,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of ASML by 97.6% during the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after purchasing an additional 76,023 shares during the last quarter. Strategic Planning Group LLC increased its stake in shares of ASML by 12.5% during the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock worth $5,251,000 after purchasing an additional 730 shares during the last quarter. Empowered Funds LLC increased its stake in shares of ASML by 5.0% during the 1st quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock worth $7,241,000 after purchasing an additional 519 shares during the last quarter. Gunderson Capital Management Inc. acquired a new position in ASML in the 2nd quarter valued at $1,702,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in ASML by 3.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,777 shares of the semiconductor company’s stock valued at $28,425,000 after buying an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Wednesday. Barclays reiterated an “overweight” rating on shares of ASML in a research note on Tuesday, September 30th. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,051.60.

ASML Price Performance

Shares of ASML stock opened at $1,029.27 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.81. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00. The firm has a fifty day moving average price of $864.28 and a two-hundred day moving average price of $774.02. The company has a market cap of $404.79 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm earned $5.28 EPS. The business’s revenue was up .7% on a year-over-year basis. Analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is 25.56%.

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.