Bank of New York Mellon Corp Sells 17,094 Shares of ASML Holding N.V. $ASML

Bank of New York Mellon Corp cut its holdings in ASML Holding N.V. (NASDAQ:ASML) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,707 shares of the semiconductor company’s stock after selling 17,094 shares during the period. Bank of New York Mellon Corp’s holdings in ASML were worth $183,283,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC boosted its holdings in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the period. Washington Trust Advisors Inc. boosted its holdings in ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Maseco LLP bought a new stake in ASML during the second quarter valued at about $32,000. Banque Cantonale Vaudoise bought a new stake in ASML during the first quarter valued at about $27,000. Finally, Costello Asset Management INC boosted its holdings in ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 25 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ASML. Wells Fargo & Company upped their price target on shares of ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Bank Degroof lowered shares of ASML to a “hold” rating in a research report on Friday, October 10th. HSBC reaffirmed a “buy” rating on shares of ASML in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Stock Performance

NASDAQ:ASML opened at $1,043.75 on Thursday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $410.49 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.87. The firm has a 50-day moving average price of $941.73 and a 200 day moving average price of $811.65.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the business posted $5.28 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $1.857 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. ASML’s dividend payout ratio (DPR) is 25.76%.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.