TCW Group Inc. Decreases Position in ASML Holding N.V. $ASML

TCW Group Inc. lessened its stake in ASML Holding N.V. (NASDAQ:ASML) by 12.4% during the second quarter, HoldingsChannel reports. The firm owned 132,437 shares of the semiconductor company’s stock after selling 18,743 shares during the period. ASML comprises approximately 1.8% of TCW Group Inc.’s portfolio, making the stock its 12th biggest holding. TCW Group Inc.’s holdings in ASML were worth $263,477,000 as of its most recent SEC filing.

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

ASML Stock Down 0.2%

Shares of NASDAQ ASML opened at $1,844.45 on Friday. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The business has a 50-day simple moving average of $1,781.65 and a two-hundred day simple moving average of $1,567.15. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The company has a market cap of $725.39 billion, a P/E ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion during the quarter. Research analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s payout ratio is currently 22.62%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Finally, Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Company Profile

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.