XY Capital Ltd bought a new stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 500 shares of the semiconductor company’s stock, valued at approximately $995,000. ASML accounts for 1.0% of XY Capital Ltd’s investment portfolio, making the stock its 18th biggest position.
Several other hedge funds also recently made changes to their positions in the company. Boston Common Asset Management LLC bought a new stake in shares of ASML during the 1st quarter valued at $4,355,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after acquiring an additional 760 shares in the last quarter. Keudell Morrison Wealth Management bought a new position in shares of ASML in the 4th quarter worth about $1,402,000. Puzo Michael J purchased a new position in ASML during the 2nd quarter valued at about $1,795,000. Finally, Manning & Napier Advisors LLC lifted its position in ASML by 364,346.2% during the 4th quarter. Manning & Napier Advisors LLC now owns 94,756 shares of the semiconductor company’s stock valued at $101,592,000 after acquiring an additional 94,730 shares during the period. 26.07% of the stock is currently owned by institutional investors.
ASML Stock Up 4.2%
NASDAQ:ASML opened at $1,714.88 on Friday. 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 has a market cap of $674.43 billion, a P/E ratio of 53.36, a P/E/G ratio of 0.85 and a beta of 1.79. ASML Holding N.V. has a fifty-two week low of $766.24 and a fifty-two week high of $1,999.96. The firm has a 50-day simple moving average of $1,751.00 and a two-hundred day simple moving average of $1,600.83.
ASML Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a $2.1507 dividend. 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 payout ratio is presently 22.62%.
Analyst Upgrades and Downgrades
ASML has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. Susquehanna reiterated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Bank of America boosted their price target on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Finally, DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.
Read Our Latest Report on ASML
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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