ASML Holding N.V. $ASML Stake Boosted by Nissay Asset Management Corp Japan

Nissay Asset Management Corp Japan grew its position in ASML Holding N.V. (NASDAQ:ASML) by 52.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,642 shares of the semiconductor company’s stock after buying an additional 12,912 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in ASML were worth $74,886,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ASML. Boston Common Asset Management LLC purchased a new position in shares of ASML in the first quarter worth $4,355,000. Cambridge Investment Research Advisors Inc. boosted its position in ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after buying an additional 760 shares during the period. Keudell Morrison Wealth Management purchased a new stake in ASML during the 4th quarter valued at $1,402,000. Puzo Michael J bought a new stake in ASML in the 2nd quarter worth $1,795,000. Finally, Robertson Stephens Wealth Management LLC grew its holdings in ASML by 507.0% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock worth $2,883,000 after acquiring an additional 2,251 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Bank of America upped their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Friday, July 10th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Four 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,696.16 on Friday. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The stock has a market capitalization of $667.07 billion, a P/E ratio of 52.77, a P/E/G ratio of 0.86 and a beta of 1.79. The company’s 50-day moving average is $1,764.95 and its 200 day moving average is $1,591.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.62 billion during the quarter. On average, sell-side analysts expect that ASML Holding N.V. will post 44.92 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors 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%.

About ASML

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.