Nan Shan Life Insurance Co. Ltd. boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 4,562.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,879 shares of the semiconductor company’s stock after buying an additional 7,710 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in ASML were worth $15,675,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the fourth quarter valued at $26,000. Binnacle Investments Inc increased its stake in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV lifted its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Field & Main Bank acquired a new stake in shares of ASML during the 2nd quarter valued at $30,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML during the 4th quarter valued at $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.
ASML Trading Down 1.8%
Shares of ASML stock opened at $1,665.14 on Wednesday. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $1,758.02 and its two-hundred day moving average is $1,596.40. The company has a market cap of $654.87 billion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79.
ASML Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.
Wall Street Analyst Weigh In
ASML has been the subject of several recent research reports. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Four investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.
Check Out Our Latest Research Report on ASML
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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