Envestnet Asset Management Inc. lifted its holdings in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,721 shares of the semiconductor company’s stock after acquiring an additional 27,021 shares during the period. Envestnet Asset Management Inc.’s holdings in ASML were worth $876,783,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Wealth Management LLC grew its stake in ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after purchasing an additional 6 shares during the period. Whitener Capital Management Inc. lifted its stake in ASML by 2.8% in the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after buying an additional 6 shares during the period. Founders Financial Alliance LLC lifted its stake in ASML by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after buying an additional 6 shares during the period. Evolution Wealth Management Inc. boosted its holdings in shares of ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after buying an additional 7 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of ASML by 0.3% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock worth $2,948,000 after buying an additional 7 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.
ASML Stock Down 0.2%
ASML stock traded down $3.29 during midday trading on Wednesday, reaching $1,744.61. 1,254,254 shares of the company’s stock traded hands, compared to its average volume of 1,777,686. The company has a market cap of $686.12 billion, a price-to-earnings ratio of 54.28, a P/E/G ratio of 0.87 and a beta of 1.79. The firm’s fifty day moving average price is $1,719.69 and its 200-day moving average price is $1,621.26. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 52 week low of $935.41 and a 52 week high of $1,999.96.
ASML Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors 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 dividend payout ratio (DPR) is presently 22.62%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Morningstar lowered shares of ASML to a “sell” rating in a research note on Wednesday, May 27th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Susquehanna restated a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Royal Bank Of Canada raised their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.
Read Our Latest Research Report on ASML
ASML Company Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.
The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.
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