ASML Holding N.V. $ASML Position Lifted by Traynor Capital Management Inc.

Key Points

• Traynor Capital Management increased its ASML position by 30.4% in the third quarter, bringing its holdings to 12,508 shares valued at approximately $22.66 million. Institutional investors collectively own 26.07% of ASML.
• ASML reported quarterly earnings of $14.71 per share on $13.27 billion in revenue, with a 34.10% net margin. Analysts expect $46.54 in full-year earnings per share.
• The stock opened at $1,565.90, while analysts maintain a “Moderate Buy” consensus with an average price target of $2,079.12. ASML also lowered its quarterly dividend to $2.1077 per share, yielding about 0.5%.

Traynor Capital Management Inc. grew its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 30.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,508 shares of the semiconductor company's stock after acquiring an additional 2,918 shares during the period. ASML accounts for approximately 1.0% of Traynor Capital Management Inc.'s investment portfolio, making the stock its 19th biggest position. Traynor Capital Management Inc.'s holdings in ASML were worth $22,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after purchasing an additional 592,125 shares in the last quarter. Sei Investments Co. increased its stake in shares of ASML by 223.7% in the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company's stock valued at $379,368,000 after buying an additional 198,505 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ASML in the third quarter valued at approximately $311,859,000. Amundi raised its holdings in ASML by 498.0% in the 2nd quarter. Amundi now owns 156,791 shares of the semiconductor company's stock valued at $311,926,000 after buying an additional 130,573 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company's stock valued at $2,168,227,000 after buying an additional 96,860 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML opened at $1,565.90 on Monday. The business has a 50-day moving average of $1,704.71 and a 200-day moving average of $1,595.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01. The company has a market capitalization of $603.53 billion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 0.65 and a beta of 1.80. ASML Holding N.V. has a 1 year low of $946.11 and a 1 year high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The business had revenue of $13.27 billion for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. As a group, equities research analysts anticipate that ASML Holding N.V. will post 46.54 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Tuesday, October 27th will be given a $2.1077 dividend. This is a decrease from ASML's previous quarterly dividend of $2.1507. The ex-dividend date is Tuesday, October 27th. This represents a $8.43 dividend on an annualized basis and a dividend yield of 0.5%. ASML's dividend payout ratio is presently 17.55%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research reports. Weiss Ratings lowered shares of ASML from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of ASML from $2,400.00 to $2,350.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. Citigroup reiterated a "buy" rating on shares of ASML in a report on Thursday, October 15th. DZ Bank raised shares of ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $2,100.00 price objective on shares of ASML in a research note on Wednesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, ASML has an average rating of "Moderate Buy" and an average target price of $2,079.12.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML's product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.

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