Secure Asset Management LLC lessened its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 438 shares of the semiconductor company’s stock after selling 35 shares during the period. Secure Asset Management LLC’s holdings in ASML were worth $351,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ASML. Putney Financial Group LLC raised its position in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in ASML during the 1st quarter valued at approximately $27,000. Knuff & Co LLC bought a new position in ASML during the 1st quarter valued at approximately $33,000. Wayfinding Financial LLC bought a new position in ASML during the 1st quarter valued at approximately $35,000. Finally, Pinnacle Bancorp Inc. bought a new position in ASML during the 1st quarter valued at approximately $42,000. Institutional investors own 26.07% of the company’s stock.
ASML Stock Up 6.4%
Shares of NASDAQ:ASML opened at $927.80 on Friday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $938.68. The firm has a market capitalization of $365.02 billion, a P/E ratio of 38.72, a P/E/G ratio of 1.97 and a beta of 1.80. The stock has a 50 day moving average price of $757.06 and a 200-day moving average price of $733.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.
ASML Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were given a dividend of $1.856 per share. This is a boost from ASML’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 0.8%. ASML’s dividend payout ratio is 26.21%.
Wall Street Analyst Weigh In
ASML has been the subject of a number of recent analyst reports. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price target for the company. Wells Fargo & Company upped their price target on ASML from $840.00 to $890.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Erste Group Bank reaffirmed a “hold” rating on shares of ASML in a research report on Wednesday, July 23rd. Barclays reiterated a “neutral” rating on shares of ASML in a report on Tuesday. Finally, UBS Group raised ASML from a “neutral” rating to a “buy” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $923.80.
Get Our Latest Stock Report on ASML
ASML Company 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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