PNC Financial Services Group Inc. Has $41.99 Million Stock Holdings in ASML Holding N.V. $ASML

PNC Financial Services Group Inc. lifted its position in ASML Holding N.V. (NASDAQ:ASML) by 38.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,401 shares of the semiconductor company’s stock after purchasing an additional 14,499 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASML were worth $41,994,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ASML. United Asset Strategies Inc. grew its stake in ASML by 1,242.6% during the second quarter. United Asset Strategies Inc. now owns 15,641 shares of the semiconductor company’s stock worth $12,535,000 after buying an additional 14,476 shares during the last quarter. KBC Group NV acquired a new position in shares of ASML in the 2nd quarter worth approximately $103,000. Wealth Quarterback LLC grew its position in ASML by 3.5% during the 2nd quarter. Wealth Quarterback LLC now owns 1,515 shares of the semiconductor company’s stock worth $1,214,000 after acquiring an additional 51 shares during the last quarter. IMA Advisory Services Inc. increased its holdings in ASML by 34.4% during the 2nd quarter. IMA Advisory Services Inc. now owns 1,337 shares of the semiconductor company’s stock valued at $1,071,000 after purchasing an additional 342 shares in the last quarter. Finally, VeraBank N.A. bought a new position in ASML in the 2nd quarter valued at $1,115,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

Shares of ASML stock opened at $1,019.86 on Friday. The firm has a fifty day moving average of $975.72 and a two-hundred day moving average of $826.09. The stock has a market capitalization of $401.09 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 1.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11.

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

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. 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 payout ratio is 25.76%.

Analyst Ratings Changes

ASML has been the topic of several research analyst reports. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Citigroup restated a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Finally, Bank Degroof cut shares of ASML to a “hold” rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,076.33.

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.