Parallel Advisors LLC Increases Position in ASML Holding N.V. $ASML

Parallel Advisors LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,480 shares of the semiconductor company’s stock after acquiring an additional 573 shares during the period. Parallel Advisors LLC’s holdings in ASML were worth $4,597,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Boston Common Asset Management LLC acquired a new position in ASML during the first quarter worth $4,355,000. Gradient Investments LLC grew its holdings in ASML by 424.3% in the 4th quarter. Gradient Investments LLC now owns 14,388 shares of the semiconductor company’s stock valued at $15,393,000 after buying an additional 11,644 shares in the last quarter. Bingham Private Wealth LLC acquired a new stake in shares of ASML in the 4th quarter worth $1,444,000. 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 during the last quarter. Finally, Ervin Investment Management LLC raised its holdings in shares of ASML by 1,236.4% during the 4th quarter. Ervin Investment Management LLC now owns 33,037 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 30,565 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASML shares. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Saturday. Freedom Capital raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. Morningstar lowered shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Finally, UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

Read Our Latest Stock Report on ASML

ASML Stock Down 0.5%

ASML stock opened at $1,739.02 on Tuesday. The company has a market capitalization of $683.92 billion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.78. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a fifty-two week low of $683.48 and a fifty-two week high of $1,999.96. The firm has a 50 day moving average price of $1,735.46 and a 200 day moving average price of $1,508.17.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings results on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.15 billion during the quarter. Research analysts expect that ASML Holding N.V. will post 40.32 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th will be paid a dividend of $2.1507 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s dividend payout ratio is presently 33.51%.

ASML News Summary

Here are the key news stories impacting ASML this week:

ASML Profile

(Free Report)

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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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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