OVERSEA CHINESE BANKING Corp Ltd Decreases Stock Holdings in ASML Holding N.V. $ASML

OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 47.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,675 shares of the semiconductor company’s stock after selling 3,332 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in ASML were worth $2,934,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the period. Dimensional Fund Advisors LP boosted its stake in ASML by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after acquiring an additional 7,164 shares during the last quarter. Invesco Ltd. raised its holdings in shares of ASML by 101.0% during the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the period. Fayez Sarofim & Co raised its holdings in shares of ASML by 2.7% during the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock worth $470,910,000 after purchasing an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. raised its holdings in shares of ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after purchasing an additional 268,172 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Up 2.6%

NASDAQ:ASML opened at $1,059.98 on Tuesday. The company’s 50 day moving average is $899.17 and its 200-day moving average is $792.01. The firm has a market cap of $416.87 billion, a price-to-earnings ratio of 43.14, a P/E/G ratio of 1.70 and a beta of 1.87. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,060.73.

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

ASML Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASML. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Susquehanna raised their price objective on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Evercore ISI restated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Finally, Bank Degroof cut shares of ASML to a “hold” rating in a report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

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.