Inscription Capital LLC reduced its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 59.2% during the third quarter, Holdings Channel.com reports. The fund owned 460 shares of the semiconductor company’s stock after selling 667 shares during the quarter. Inscription Capital LLC’s holdings in ASML were worth $833,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ASML. Van ECK Associates Corp raised its position in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares in the last quarter. BlackRock Inc. lifted its position in ASML by 4.9% in the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after buying an additional 59,888 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the last quarter. Bank of America Corp DE boosted its stake in ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after buying an additional 19,051 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in ASML by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock worth $1,364,963,000 after buying an additional 18,768 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.
ASML Trading Up 5.0%
Shares of ASML traded up $68.10 during mid-day trading on Friday, hitting $1,424.75. 1,902,471 shares of the company’s stock traded hands, compared to its average volume of 1,583,467. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $549.13 billion, a P/E ratio of 35.08, a PEG ratio of 0.63 and a beta of 1.80. The business’s 50-day moving average price is $1,677.25 and its 200-day moving average price is $1,599.85. ASML Holding N.V. has a 1 year low of $946.11 and a 1 year high of $1,999.96.
ASML (NASDAQ:ASML – Get Free Report) last announced its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The company had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. As a group, sell-side analysts forecast that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th were given a $2.1077 dividend. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.6%. This is a negative change from ASML’s previous quarterly dividend of $2.1507. ASML’s dividend payout ratio is 17.55%.
Analysts Set New Price Targets
ASML has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Thursday, October 15th. Weiss Ratings lowered shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research note on Monday, September 14th. UBS Group reissued a “buy” rating on shares of ASML in a research note on Monday, September 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,204.71.
Check Out Our Latest Stock Analysis on ASML
ASML Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.
The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.
Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.
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