TD Asset Management Inc reduced its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 89.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,390 shares of the semiconductor company’s stock after selling 27,324 shares during the period. TD Asset Management Inc’s holdings in ASML were worth $6,744,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares during the last quarter. Sei Investments Co. grew its holdings in ASML by 223.7% in the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after buying an additional 198,505 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of ASML by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after acquiring an additional 193,068 shares during the last quarter. Invesco Ltd. raised its holdings in shares of ASML by 21.3% during the 3rd quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after acquiring an additional 148,948 shares during the period. Finally, Sands Capital Management LLC boosted its position in shares of ASML by 26.6% during the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock valued at $716,790,000 after acquiring an additional 140,821 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on ASML. Argus set a $2,100.00 price objective on shares of ASML in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.
ASML Trading Down 0.2%
NASDAQ ASML opened at $1,844.45 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $725.39 billion, a P/E ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79. The firm’s 50-day moving average is $1,781.65 and its two-hundred day moving average is $1,567.15. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96.
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.64 billion during the quarter. On average, sell-side analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current year.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given 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 payout ratio is presently 22.62%.
About ASML
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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