Trans Canada Capital Inc. Takes $28.64 Million Position in ASML Holding N.V. $ASML

Trans Canada Capital Inc. acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,396 shares of the semiconductor company’s stock, valued at approximately $28,640,000. ASML comprises approximately 1.6% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Baron Wealth Management LLC lifted its position in ASML by 1.8% during the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after buying an additional 6 shares in the last quarter. Whitener Capital Management Inc. increased its position in ASML by 2.8% in the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 6 shares in the last quarter. Founders Financial Alliance LLC increased its position in ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 6 shares in the last quarter. 44 Wealth Management LLC increased its position in ASML by 1.1% in the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after acquiring an additional 7 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its stake in shares of ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 7 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ASML shares. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Wall Street Zen downgraded ASML from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Morningstar cut ASML to a “sell” rating in a research note on Wednesday, May 27th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report 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 assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Price Performance

Shares of ASML opened at $1,714.88 on Monday. The stock has a market cap of $674.43 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $766.24 and a 1 year high of $1,999.96. The stock’s 50-day moving average price is $1,751.00 and its two-hundred day moving average price is $1,602.20. 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 (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, equities analysts predict that ASML Holding N.V. will post 44.99 earnings per share 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 paid a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is presently 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.