915 Shares in ASML Holding N.V. $ASML Acquired by Puzo Michael J

Key Points

• Puzo Michael J acquired 915 ASML shares during the second quarter, valued at approximately $1.795 million. Institutional investors collectively own 26.07% of the company.
• Analysts remain broadly bullish, with an average “Moderate Buy” rating and an average price target of $1,970.33; several firms recently raised their targets, including Wells Fargo to $2,500 and Bernstein to $2,623.
• ASML reported quarterly earnings of $8.65 per share on $10.64 billion in revenue, while its latest dividend was $2.1507 per share, representing a 0.5% annualized yield.

Puzo Michael J acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 915 shares of the semiconductor company's stock, valued at approximately $1,795,000.

A number of other hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in ASML in the fourth quarter valued at about $26,000. Binnacle Investments Inc increased its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its holdings 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 purchasing an additional 23 shares during the last quarter. North Star Investment Management Corp. raised its holdings in 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 purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the 4th quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Sanford C. Bernstein increased their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a report on Monday, July 6th. Royal Bank Of Canada raised their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Susquehanna reaffirmed a "positive" rating on shares of ASML in a report on Tuesday, June 30th. Finally, Barclays reiterated an "overweight" rating on shares of ASML in a research 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 assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Stock Down 2.8%

ASML stock opened at $1,751.73 on Thursday. The company's 50 day simple moving average is $1,785.18 and its 200 day simple moving average is $1,576.01. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The firm has a market capitalization of $688.92 billion, a price-to-earnings ratio of 54.50, a PEG ratio of 0.89 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date 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%.

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.

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