ASML Holding N.V. $ASML Position Raised by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its ASML position by 18.1% in the second quarter, bringing its holdings to 4,337 shares valued at approximately $8.6 million. Other major institutional investors, including Van ECK and BlackRock, also added shares.
• Analysts remain broadly optimistic, with ASML receiving a “Moderate Buy” consensus rating and an average price target of $1,970.33, despite one recent downgrade to “Hold.”
• ASML reported quarterly EPS of $8.65 and revenue of $10.62 billion, while its quarterly dividend fell to $2.1507 per share, representing a 0.5% annualized yield.

Envestnet Portfolio Solutions Inc. lifted its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,337 shares of the semiconductor company's stock after acquiring an additional 665 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in ASML were worth $8,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in 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 during the period. BlackRock Inc. grew its position in ASML by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company's stock worth $2,550,840,000 after purchasing an additional 59,888 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of ASML by 6.3% during 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. Bank of America Corp DE raised its stake in shares of ASML by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company's stock valued at $2,060,833,000 after buying an additional 19,051 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of ASML by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company's stock valued at $1,364,963,000 after buying an additional 18,768 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent research reports. Weiss Ratings downgraded ASML from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 16th. Royal Bank Of Canada lifted their price target on ASML from $1,700.00 to $2,000.00 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Citigroup reissued a "buy" rating on shares of ASML in a report on Friday, July 17th. Susquehanna restated a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein raised their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an "outperform" rating in a research note on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,722.50 on Friday. The company has a market capitalization of $677.42 billion, a P/E ratio of 53.59, a P/E/G ratio of 0.88 and a beta of 1.79. The business's 50 day moving average is $1,717.00 and its two-hundred day moving average is $1,626.93. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12-month low of $935.41 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.62 billion during the quarter. Analysts expect that ASML Holding N.V. will post 44.03 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This is a decrease from ASML's previous quarterly dividend of $3.1771. This represents a $8.60 dividend on an annualized basis 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

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company's product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.