QRG Capital Management Inc. Raises Stock Holdings in ASML Holding N.V. $ASML

QRG Capital Management Inc. lifted its stake in ASML Holding N.V. (NASDAQ:ASML) by 12.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,167 shares of the semiconductor company’s stock after buying an additional 2,913 shares during the quarter. QRG Capital Management Inc.’s holdings in ASML were worth $52,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ASML. Envestnet Portfolio Solutions Inc. raised its holdings in ASML by 18.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,337 shares of the semiconductor company’s stock valued at $8,628,000 after acquiring an additional 665 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of ASML by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company’s stock worth $876,783,000 after acquiring an additional 27,021 shares during the period. State Street Corp grew its position in shares of ASML by 4.4% during the second quarter. State Street Corp now owns 85,872 shares of the semiconductor company’s stock worth $170,851,000 after purchasing an additional 3,632 shares in the last quarter. Twin Peaks Capital Ltd purchased a new stake in shares of ASML during the second quarter worth about $5,968,000. Finally, Sequoia Financial Advisors LLC raised its stake in ASML by 1.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,611 shares of the semiconductor company’s stock valued at $11,163,000 after purchasing an additional 65 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, July 1st. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Citigroup reissued a “buy” rating on shares of ASML in a research note on Friday, July 17th. Finally, Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Trading Down 0.2%

NASDAQ ASML traded down $3.29 during trading on Wednesday, hitting $1,744.61. The stock had a trading volume of 1,254,254 shares, compared to its average volume of 1,777,686. ASML Holding N.V. has a one year low of $935.41 and a one year high of $1,999.96. The stock has a 50 day simple moving average of $1,719.69 and a 200 day simple moving average of $1,621.26. The stock has a market capitalization of $686.12 billion, a price-to-earnings ratio of 54.28, a P/E/G ratio of 0.87 and a beta of 1.79. 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 (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.62 billion for the quarter. Sell-side analysts predict that ASML Holding N.V. will post 44.03 earnings per share for the current 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 $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.