Ethic Inc. raised its stake in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,994 shares of the semiconductor company’s stock after acquiring an additional 4,674 shares during the period. ASML makes up 0.5% of Ethic Inc.’s investment portfolio, making the stock its 27th biggest holding. Ethic Inc.’s holdings in ASML were worth $47,093,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after purchasing an additional 198,505 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ASML in the third quarter valued at approximately $311,859,000. Amundi increased its holdings in shares of ASML by 498.0% in the second quarter. Amundi now owns 156,791 shares of the semiconductor company’s stock valued at $311,926,000 after purchasing an additional 130,573 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 6.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Monday, September 28th. Wells Fargo & Company boosted their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings downgraded shares of ASML from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research note on Wednesday, September 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a report on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2,204.71.
View Our Latest Report on ASML
ASML Price Performance
ASML stock opened at $1,424.75 on Friday. The firm has a market capitalization of $549.13 billion, a PE ratio of 35.08, a P/E/G ratio of 0.59 and a beta of 1.80. ASML Holding N.V. has a 52 week low of $946.11 and a 52 week high of $1,999.96. The firm’s 50-day simple moving average is $1,677.25 and its 200 day simple moving average is $1,599.85. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 0.09.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The business had revenue of $13.27 billion during the quarter. On average, equities research analysts predict that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were given a $2.1077 dividend. This is a decrease from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend was Tuesday, October 27th. This represents a $8.43 annualized dividend and a dividend yield of 0.6%. ASML’s dividend payout ratio is 17.55%.
ASML Company Profile
ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.
The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.
Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.
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