Van ECK Associates Corp Has $4.89 Billion Position in ASML Holding N.V. $ASML

Van ECK Associates Corp boosted its stake in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) by 31.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,459,420 shares of the semiconductor company’s stock after buying an additional 592,125 shares during the period. ASML accounts for about 3.1% of Van ECK Associates Corp’s investment portfolio, making the stock its 7th biggest holding. Van ECK Associates Corp owned approximately 0.63% of ASML worth $4,892,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northstar Asset Management Inc. purchased a new position in shares of ASML in the 2nd quarter valued at $211,000. Nissay Asset Management Corp Japan lifted its stake in shares of ASML by 52.2% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 37,642 shares of the semiconductor company’s stock worth $74,886,000 after purchasing an additional 12,912 shares during the last quarter. Field & Main Bank purchased a new stake in shares of ASML during the 2nd quarter worth $30,000. Pin Oak Investment Advisors Inc. bought a new stake in ASML during the second quarter valued at about $48,000. Finally, North Star Asset Management Inc. bought a new stake in ASML during the second quarter valued at about $51,424,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Down 2.2%

Shares of NASDAQ:ASML opened at $1,696.16 on Friday. The business’s 50-day moving average is $1,764.95 and its 200 day moving average is $1,591.65. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The firm has a market capitalization of $667.07 billion, a P/E ratio of 52.77, a P/E/G ratio of 0.86 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASMLGet Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.62 billion during the quarter. On average, research analysts predict that ASML Holding N.V. will post 44.92 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a $2.1507 dividend. 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 22.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Susquehanna restated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

Get Our Latest Stock Analysis on ASML

About ASML

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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