Parallel Advisors LLC boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 19.7% during the 1st quarter, HoldingsChannel reports. The firm owned 3,480 shares of the semiconductor company’s stock after purchasing an additional 573 shares during the period. Parallel Advisors LLC’s holdings in ASML were worth $4,597,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of ASML. Cornerstone Financial Management LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $26,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV grew its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. increased its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in ASML in the 4th quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
ASML Stock Performance
Shares of ASML stock opened at $1,678.22 on Thursday. The company has a market cap of $660.01 billion, a price-to-earnings ratio of 52.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The stock has a 50 day simple moving average of $1,765.59 and a 200-day simple moving average of $1,547.95. ASML Holding N.V. has a 12-month low of $685.44 and a 12-month high of $1,999.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.
ASML Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s dividend payout ratio (DPR) is 22.62%.
Analysts Set New Price Targets
A number of analysts have weighed in on ASML shares. Wall Street Zen raised ASML from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their price target on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Morningstar lowered shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.
Check Out Our Latest Analysis on ASML
ASML Company Profile
ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.
ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.
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