Ninety One UK Ltd reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 8.0% in the second quarter, Holdings Channel.com reports. The fund owned 60,391 shares of the semiconductor company’s stock after selling 5,247 shares during the quarter. Ninety One UK Ltd’s holdings in ASML were worth $48,397,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Putney Financial Group LLC lifted its position in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in ASML during the 1st quarter valued at about $27,000. Maseco LLP bought a new stake in ASML during the 2nd quarter valued at about $32,000. Knuff & Co LLC bought a new stake in ASML during the 1st quarter valued at about $33,000. Finally, Wayfinding Financial LLC bought a new stake in shares of ASML during the first quarter valued at approximately $35,000. 26.07% of the stock is owned by institutional investors.
ASML Trading Up 0.6%
ASML opened at $968.09 on Wednesday. The firm has a market cap of $380.87 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 1.63 and a beta of 1.80. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $977.48. The stock has a fifty day moving average price of $787.89 and a 200-day moving average price of $747.14.
ASML Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were issued a $1.856 dividend. This is a boost from ASML’s previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, July 29th. ASML’s dividend payout ratio is presently 26.21%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Arete Research raised shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research report on Tuesday, September 16th. Barclays restated an “overweight” rating on shares of ASML in a report on Tuesday. Finally, Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $923.80.
Get Our Latest Analysis on ASML
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.
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