Kornitzer Capital Management Inc. KS reduced its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,268 shares of the semiconductor company’s stock after selling 467 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in ASML were worth $31,284,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in ASML. Leelyn Smith LLC grew its holdings in ASML by 1.3% in the 3rd quarter. Leelyn Smith LLC now owns 1,998 shares of the semiconductor company’s stock valued at $3,620,000 after buying an additional 26 shares during the period. Allen Investment Management LLC increased its stake in shares of ASML by 2.0% during the 3rd quarter. Allen Investment Management LLC now owns 66,785 shares of the semiconductor company’s stock valued at $120,992,000 after acquiring an additional 1,300 shares during the last quarter. Palisade Asset Management LLC lifted its holdings in shares of ASML by 26.5% during the 3rd quarter. Palisade Asset Management LLC now owns 277 shares of the semiconductor company’s stock worth $502,000 after acquiring an additional 58 shares during the period. Verus Capital Partners LLC lifted its holdings in shares of ASML by 32.2% during the 3rd quarter. Verus Capital Partners LLC now owns 304 shares of the semiconductor company’s stock worth $551,000 after acquiring an additional 74 shares during the period. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of ASML in the third quarter worth approximately $770,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Stock Performance
ASML stock opened at $1,424.75 on Friday. The stock’s 50-day moving average is $1,677.25 and its 200-day moving average is $1,599.85. The company has a market cap of $549.13 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 0.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. ASML Holding N.V. has a 12 month low of $946.11 and a 12 month high of $1,999.96.
ASML (NASDAQ:ASML – Get Free Report) last issued its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. The business had revenue of $13.27 billion during the quarter. Equities analysts anticipate that ASML Holding N.V. will post 46.54 earnings per share for the current year.
ASML Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th were given a dividend of $2.1077 per share. This represents a $8.43 dividend on an annualized basis and a yield of 0.6%. This is a negative change from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend was Tuesday, October 27th. ASML’s dividend payout ratio is presently 17.55%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ASML. Weiss Ratings downgraded shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. JPMorgan Chase & Co. cut their price target on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, October 15th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $2,204.71.
Check Out Our Latest 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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