ASML Holding N.V. $ASML Shares Acquired by State Street Corp

Key Points

• State Street increased its ASML stake by 4.4% in the second quarter, bringing its holdings to 85,872 shares valued at approximately $170.9 million. Other institutions also raised positions, with institutional investors collectively owning 26.07% of the company.
• ASML reported quarterly revenue of $10.62 billion and earnings of $8.65 per share, while maintaining strong profitability with a 30.11% net margin and 52.71% return on equity.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $1,970.33 versus the reported share price of $1,744.61. The company’s annualized dividend is $8.60 per share, yielding 0.5%.

State Street Corp grew its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 85,872 shares of the semiconductor company's stock after acquiring an additional 3,632 shares during the quarter. State Street Corp's holdings in ASML were worth $170,851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its holdings in ASML by 195.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company's stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Van ECK Associates Corp grew its position in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company's stock valued at $4,892,869,000 after buying an additional 592,125 shares during the last quarter. Sei Investments Co. grew its position in shares of ASML by 223.7% in the 1st 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 last quarter. Sands Capital Management LLC raised its stake in ASML by 26.6% during the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company's stock worth $716,790,000 after acquiring an additional 140,821 shares in the last quarter. Finally, Amundi lifted its position in ASML by 498.0% in the second quarter. Amundi now owns 156,791 shares of the semiconductor company's stock valued at $311,926,000 after acquiring an additional 130,573 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

Shares of ASML opened at $1,744.61 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a fifty-two week low of $935.41 and a fifty-two week high of $1,999.96. The firm has a 50-day simple moving average of $1,718.25 and a 200-day simple moving average of $1,623.91. The company has a market capitalization of $686.12 billion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79.

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 firm had revenue of $10.62 billion during the quarter. On average, equities research analysts anticipate that ASML Holding N.V. will post 44.03 earnings per share for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML's dividend payout ratio (DPR) is currently 22.62%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays restated an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. UBS Group reissued a "buy" rating on shares of ASML in a report on Wednesday, July 1st. Wells Fargo & Company upped their target price on ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Wall Street Zen downgraded ASML from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,970.33.

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.

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