Russell Investments Group Ltd. Reduces Position in ASML Holding N.V. $ASML

Russell Investments Group Ltd. cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 61,686 shares of the semiconductor company’s stock after selling 2,357 shares during the quarter. Russell Investments Group Ltd.’s holdings in ASML were worth $121,307,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new position in shares of ASML during the 4th quarter valued at approximately $26,000. Binnacle Investments Inc raised its stake in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares during the period. Resources Management Corp CT ADV raised its stake in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. lifted its holdings in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML during the fourth quarter valued at approximately $30,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.1%

ASML opened at $1,883.12 on Tuesday. The stock has a 50-day moving average of $1,784.33 and a 200 day moving average of $1,571.25. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The firm has a market cap of $740.59 billion, a P/E ratio of 58.59, a P/E/G ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.64 billion for the quarter. As a group, research analysts forecast that ASML Holding N.V. will post 44.85 EPS 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 paid a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is currently 22.62%.

Wall Street Analyst Weigh In

ASML has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Wells Fargo & Company upped their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.