Alyeska Investment Group L.P. purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,434 shares of the semiconductor company's stock, valued at approximately $76,462,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Flputnam Investment Management Co. lifted its position in ASML by 120.0% in the 2nd quarter. Flputnam Investment Management Co. now owns 26,104 shares of the semiconductor company's stock valued at $51,932,000 after acquiring an additional 14,237 shares in the last quarter. Cookson Peirce & Co. Inc. raised its stake in shares of ASML by 3.2% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 732 shares of the semiconductor company's stock valued at $1,456,000 after purchasing an additional 23 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of ASML by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,213 shares of the semiconductor company's stock valued at $68,065,000 after purchasing an additional 1,738 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of ASML by 11.5% in the second quarter. Wedbush Securities Inc. now owns 1,283 shares of the semiconductor company's stock valued at $2,552,000 after purchasing an additional 132 shares in the last quarter. Finally, Denali Advisors LLC bought a new stake in shares of ASML in the second quarter valued at about $1,218,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on ASML shares. Weiss Ratings upgraded ASML from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a research report on Monday, June 1st. Wells Fargo & Company upped their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Susquehanna reaffirmed a "positive" rating on shares of ASML in a research note on Tuesday, June 30th. Finally, Argus set a $2,100.00 price target on shares of ASML in a research note 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average target price of $1,970.33.
Read Our Latest Research Report on ASML
ASML Price Performance
NASDAQ:ASML opened at $1,696.16 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock's 50-day simple moving average is $1,764.95 and its 200 day simple moving average is $1,591.65. The company has a market cap of $667.07 billion, a P/E ratio of 52.77, a P/E/G ratio of 0.84 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96.
ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.62 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, sell-side analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. 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 dividend payout ratio is presently 22.62%.
ASML Profile
(
Free Report)
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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