Denali Advisors LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 612 shares of the semiconductor company’s stock, valued at approximately $1,218,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Wealth Management Group LLC lifted its stake in ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares during the period. AQR Capital Management LLC grew its position in shares of ASML by 141.1% during the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after buying an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after acquiring an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of ASML by 1.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after acquiring an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of ASML by 5.2% during the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after acquiring an additional 559 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ASML. Wells Fargo & Company lifted their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. UBS Group reissued a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Argus set a $2,100.00 target price on ASML in a research note on Thursday, July 16th. JPMorgan Chase & Co. boosted their target price on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Thursday, June 11th. Four investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.
ASML Stock Down 2.8%
ASML stock opened at $1,751.73 on Thursday. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm’s 50-day simple moving average is $1,785.18 and its 200 day simple moving average is $1,576.01. The stock has a market cap of $688.92 billion, a PE ratio of 54.50, a price-to-earnings-growth ratio of 0.89 and a beta of 1.79.
ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Research analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently disclosed 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 annualized dividend and a yield of 0.5%. ASML’s payout ratio is currently 22.62%.
ASML Company Profile
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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