Thornburg Investment Management Inc. Sells 766 Shares of ASML Holding N.V. $ASML

Thornburg Investment Management Inc. trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,747 shares of the semiconductor company’s stock after selling 766 shares during the period. Thornburg Investment Management Inc.’s holdings in ASML were worth $37,296,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its stake in ASML by 195.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after acquiring an additional 1,022,532 shares during the period. Van ECK Associates Corp lifted its position in shares of ASML by 31.7% during 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 acquiring an additional 592,125 shares during the period. Sei Investments Co. lifted its position in shares of ASML by 223.7% during the 1st quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after acquiring an additional 198,505 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of ASML by 14.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of ASML by 21.3% during the 3rd quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after purchasing an additional 148,948 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Down 2.2%

ASML stock opened at $1,696.16 on Friday. The stock has a market capitalization of $667.07 billion, a P/E ratio of 52.77, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The firm has a 50-day moving average price of $1,764.95 and a 200-day moving average price of $1,591.65.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, equities research analysts anticipate that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio is 22.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on ASML shares. JPMorgan Chase & Co. boosted their price target on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Royal Bank Of Canada raised their target price on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Bank of America upped their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Profile

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.