ASML Holding N.V. $ASML Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,213 shares of the semiconductor company’s stock after buying an additional 1,738 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ASML were worth $68,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its holdings in ASML by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock valued at $4,798,268,000 after purchasing an additional 132,353 shares during the last quarter. Van ECK Associates Corp grew its position in shares of ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock worth $4,892,869,000 after buying an additional 592,125 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ASML by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after acquiring an additional 19,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in ASML by 14.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock valued at $1,633,046,000 after purchasing an additional 193,068 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,665.14 on Wednesday. The company has a market cap of $654.87 billion, a P/E ratio of 51.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The business has a fifty day moving average of $1,758.02 and a two-hundred day moving average of $1,596.40. 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:ASMLGet Free Report) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, analysts predict that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is 22.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASML. Citigroup restated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Wells Fargo & Company upped their target price on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Argus set a $2,100.00 target price on shares of ASML in a report on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Finally, DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

View Our Latest Research Report on ASML

ASML Profile

(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

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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