2,918 ASML Holding N.V. $ASML Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 30.4% during the 3rd quarter, Holdings Channel reports. The firm owned 12,508 shares of the semiconductor company’s stock after purchasing an additional 2,918 shares during the quarter. ASML comprises 1.0% of Traynor Capital Management Inc.’s holdings, making the stock its 19th largest position. Traynor Capital Management Inc.’s holdings in ASML were worth $22,660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Common Asset Management LLC bought a new position in ASML during the first quarter worth $4,355,000. Puzo Michael J acquired a new stake in ASML in the second quarter worth $1,795,000. Envestnet Asset Management Inc. grew its holdings in 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 purchasing an additional 27,021 shares during the period. State Street Corp increased its stake in ASML by 4.4% in the second quarter. State Street Corp now owns 85,872 shares of the semiconductor company’s stock valued at $170,851,000 after purchasing an additional 3,632 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in ASML by 12.5% in the second quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company’s stock valued at $52,057,000 after purchasing an additional 2,913 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ASML. Royal Bank Of Canada reiterated an “outperform” rating and set a $2,100.00 price objective on shares of ASML in a report on Wednesday, October 7th. Argus set a $2,100.00 target price on ASML in a research note on Thursday, July 16th. Barclays reaffirmed an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2,079.12.

ASML Stock Performance

Shares of ASML stock opened at $1,565.90 on Monday. The firm has a market capitalization of $603.53 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 0.65 and a beta of 1.80. The firm has a fifty day simple moving average of $1,704.71 and a two-hundred day simple moving average of $1,595.82. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12 month low of $946.11 and a 12 month high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. The firm had revenue of $13.27 billion for the quarter. Analysts forecast that ASML Holding N.V. will post 46.54 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be given a dividend of $2.1077 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This is a drop from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a dividend yield of 0.5%. ASML’s payout ratio is presently 17.55%.

ASML Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.