Deutsche Bank AG cut its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 44.0% in the second quarter, Holdings Channel.com reports. The firm owned 37,236 shares of the semiconductor company’s stock after selling 29,272 shares during the quarter. Deutsche Bank AG’s holdings in ASML were worth $74,079,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ASML. Baron Wealth Management LLC grew its holdings in ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after buying an additional 6 shares in the last quarter. Whitener Capital Management Inc. raised its holdings in shares of ASML by 2.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after acquiring an additional 6 shares during the period. Founders Financial Alliance LLC raised its holdings in shares of ASML by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock worth $529,000 after acquiring an additional 6 shares during the period. 44 Wealth Management LLC boosted its position in shares of ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after acquiring an additional 7 shares during the last quarter. Finally, Evolution Wealth Management Inc. boosted its position in shares of ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
ASML Stock Down 0.1%
NASDAQ:ASML opened at $1,750.31 on Friday. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The stock’s fifty day moving average is $1,782.20 and its two-hundred day moving average is $1,578.32. The stock has a market capitalization of $688.36 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is 22.62%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on ASML shares. Susquehanna restated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,970.33.
Get Our Latest Analysis on ASML
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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