TD Asset Management Inc Lowers Position in ASML Holding N.V. (NASDAQ:ASML)

TD Asset Management Inc decreased its position in ASML Holding N.V. (NASDAQ:ASML) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,608 shares of the semiconductor company’s stock after selling 2,494 shares during the period. TD Asset Management Inc’s holdings in ASML were worth $28,233,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its holdings in ASML by 29.8% during the first quarter. HB Wealth Management LLC now owns 6,171 shares of the semiconductor company’s stock worth $4,090,000 after buying an additional 1,416 shares in the last quarter. DE Burlo Group Inc. boosted its holdings in ASML by 65.3% during the first quarter. DE Burlo Group Inc. now owns 34,860 shares of the semiconductor company’s stock worth $23,099,000 after buying an additional 13,765 shares in the last quarter. Stevens Capital Management LP purchased a new stake in ASML during the first quarter worth about $2,216,000. AM Investment Strategies LLC purchased a new stake in ASML during the first quarter worth about $2,927,000. Finally, Equitable Trust Co. boosted its holdings in ASML by 104.2% during the first quarter. Equitable Trust Co. now owns 10,279 shares of the semiconductor company’s stock worth $6,811,000 after buying an additional 5,246 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays reaffirmed an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Sanford C. Bernstein assumed coverage on shares of ASML in a report on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 price target on the stock. New Street Research raised shares of ASML from a “neutral” rating to a “buy” rating in a report on Thursday, July 24th. Finally, DZ Bank downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $923.80.

ASML Stock Performance

Shares of ASML opened at $718.49 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a market capitalization of $282.67 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.48 and a beta of 1.73. The company’s 50 day simple moving average is $764.41 and its 200 day simple moving average is $727.03. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.01 EPS. On average, sell-side analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be given a $1.856 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.03%. This is a positive change from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio is presently 29.67%.

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.