DSM Capital Partners LLC lessened its holdings in ASML Holding (NASDAQ:ASML – Free Report) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 318,781 shares of the semiconductor company’s stock after selling 22,224 shares during the period. ASML comprises approximately 3.7% of DSM Capital Partners LLC’s holdings, making the stock its 10th biggest position. DSM Capital Partners LLC’s holdings in ASML were worth $231,037,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the business. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in ASML during the 1st quarter worth approximately $25,000. Avalon Trust Co bought a new stake in ASML during the 1st quarter worth approximately $27,000. Impact Partnership Wealth LLC bought a new stake in ASML during the 2nd quarter worth approximately $28,000. Spotlight Asset Group Inc. bought a new stake in ASML during the 2nd quarter worth approximately $29,000. Finally, HBC Financial Services PLLC bought a new stake in shares of ASML during the first quarter valued at approximately $31,000. Institutional investors own 18.94% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on ASML. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $732.00 to $726.00 and set an “overweight” rating on the stock in a research report on Thursday, October 19th. Sanford C. Bernstein lowered shares of ASML from an “outperform” rating to a “market perform” rating and cut their target price for the company from $810.00 to $785.00 in a report on Friday, July 28th. Susquehanna dropped their price objective on shares of ASML from $850.00 to $810.00 and set a “positive” rating for the company in a research note on Thursday, October 12th. Raymond James assumed coverage on shares of ASML in a research note on Tuesday, October 17th. They set a “strong-buy” rating and a $725.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of ASML in a research note on Thursday, October 5th. They set a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $757.29.
ASML Trading Down 1.2 %
Shares of ASML traded down $8.32 during trading hours on Tuesday, reaching $685.99. 145,691 shares of the company traded hands, compared to its average volume of 1,026,675. The company has a current ratio of 1.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average price is $610.16 and its 200 day moving average price is $663.77. The firm has a market cap of $270.68 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 1.31 and a beta of 1.46. ASML Holding has a 12-month low of $529.01 and a 12-month high of $771.98.
ASML (NASDAQ:ASML – Get Free Report) last released its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.23. The firm had revenue of $7.26 billion during the quarter, compared to the consensus estimate of $7.49 billion. ASML had a return on equity of 73.29% and a net margin of 28.44%. Sell-side analysts forecast that ASML Holding will post 20.62 earnings per share for the current year.
ASML Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Thursday, November 2nd were issued a $1.5337 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $6.13 dividend on an annualized basis and a yield of 0.89%. ASML’s dividend payout ratio is presently 25.23%.
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.
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