Trivium Point Advisory LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 23.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,582 shares of the semiconductor company’s stock after purchasing an additional 304 shares during the period. Trivium Point Advisory LLC’s holdings in ASML were worth $3,147,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ASML. German American Bancorp Inc. increased its stake in shares of ASML by 26.6% in the second quarter. German American Bancorp Inc. now owns 195 shares of the semiconductor company’s stock worth $388,000 after buying an additional 41 shares during the last quarter. Argent Trust Co raised its holdings in ASML by 2.7% in the second quarter. Argent Trust Co now owns 1,329 shares of the semiconductor company’s stock valued at $2,644,000 after acquiring an additional 35 shares in the last quarter. Flputnam Investment Management Co. boosted its stake in ASML by 120.0% during the 2nd quarter. Flputnam Investment Management Co. now owns 26,104 shares of the semiconductor company’s stock valued at $51,932,000 after acquiring an additional 14,237 shares during the last quarter. 180 GPS Investments IC Ltd bought a new position in ASML during the 2nd quarter valued at $99,000. Finally, Global Retirement Partners LLC acquired a new position in ASML during the 2nd quarter worth $8,789,000. Institutional investors and hedge funds own 26.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ASML. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Zacks Research cut shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, Wall Street Zen cut ASML from a “buy” rating to a “hold” rating in a research note on Saturday. Four equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.
ASML Trading Up 2.1%
NASDAQ:ASML opened at $1,883.12 on Tuesday. The stock has a market cap of $740.59 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The business has a fifty day moving average of $1,784.33 and a 200-day moving average of $1,571.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities analysts predict that ASML Holding N.V. will post 44.85 earnings per share for the current year.
ASML Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date 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 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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