OceanIQ Capital LLC Buys Shares of 425 ASML Holding N.V. $ASML

OceanIQ Capital LLC bought a new stake in ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 425 shares of the semiconductor company’s stock, valued at approximately $846,000. ASML makes up approximately 0.5% of OceanIQ Capital LLC’s investment portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of ASML. Fisher Asset Management LLC boosted its position in ASML by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the period. Van ECK Associates Corp increased its holdings 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 period. Arrowstreet Capital Limited Partnership lifted its position in shares of ASML by 6.3% in 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 in the last quarter. Bank of America Corp DE lifted its position in shares of ASML by 1.2% in the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ASML by 14.5% during the fourth 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 during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Friday, May 8th. Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday, July 16th. Susquehanna reissued a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Finally, Zacks Research downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Up 4.2%

Shares of ASML stock opened at $1,714.88 on Friday. ASML Holding N.V. has a 12 month low of $766.24 and a 12 month high of $1,999.96. The company has a market cap of $674.43 billion, a PE ratio of 53.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $1,751.00 and its two-hundred day moving average is $1,600.83.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Equities analysts predict that ASML Holding N.V. will post 44.99 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is currently 22.62%.

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.