Gunderson Capital Management Inc. Sells 473 Shares of ASML Holding (NASDAQ:ASML)

Gunderson Capital Management Inc. cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,021 shares of the semiconductor company’s stock after selling 473 shares during the period. ASML comprises about 4.8% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Gunderson Capital Management Inc.’s holdings in ASML were worth $7,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of ASML by 9.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,087,054 shares of the semiconductor company’s stock worth $4,965,167,000 after purchasing an additional 809,708 shares during the last quarter. Bank of America Corp DE lifted its holdings in ASML by 6.0% during the 1st quarter. Bank of America Corp DE now owns 1,484,196 shares of the semiconductor company’s stock worth $1,010,307,000 after buying an additional 83,577 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of ASML by 6.1% in the 1st quarter. Jennison Associates LLC now owns 1,374,377 shares of the semiconductor company’s stock valued at $935,552,000 after acquiring an additional 79,487 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of ASML by 15.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,317,162 shares of the semiconductor company’s stock valued at $719,698,000 after acquiring an additional 177,339 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in ASML by 3.5% during the first quarter. Franklin Resources Inc. now owns 1,284,000 shares of the semiconductor company’s stock worth $874,032,000 after purchasing an additional 43,493 shares during the last quarter. 18.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein downgraded shares of ASML from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $810.00 to $785.00 in a research report on Friday, July 28th. StockNews.com lowered ASML from a “buy” rating to a “hold” rating in a report on Friday, August 25th. New Street Research downgraded ASML from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Societe Generale downgraded ASML from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Finally, Wells Fargo & Company raised their target price on ASML from $775.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, July 20th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $730.18.

ASML Price Performance

Shares of NASDAQ ASML traded down $25.24 during trading on Friday, hitting $596.66. The company had a trading volume of 2,841,373 shares, compared to its average volume of 1,020,874. The company has a market cap of $235.44 billion, a P/E ratio of 30.29, a PEG ratio of 1.00 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.88 and a current ratio of 1.34. The business’s 50-day moving average is $678.11 and its 200 day moving average is $672.73. ASML Holding has a 52 week low of $363.15 and a 52 week high of $771.98.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 19th. The semiconductor company reported $5.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.39. The business had revenue of $7.51 billion during the quarter. ASML had a return on equity of 79.17% and a net margin of 28.67%. Equities research analysts predict that ASML Holding will post 21.63 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Wednesday, August 2nd were paid a $1.6281 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.27. The ex-dividend date was Tuesday, August 1st. This represents a $6.51 dividend on an annualized basis and a yield of 1.09%. ASML’s dividend payout ratio (DPR) is currently 13.71%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.