ASML Holding N.V. $ASML Shares Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management increased its ASML position by 120% in the second quarter, acquiring 14,237 additional shares. Its 26,104 shares were valued at approximately $51.9 million and represented 0.6% of the firm’s portfolio.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33, although one firm recently downgraded the stock to “Hold.”
• ASML opened at $1,883.12, up 2.1%, and reported quarterly EPS of $8.65 on $10.64 billion in revenue. The company declared a quarterly dividend of $2.1507, equivalent to a 0.5% annualized yield.

Flputnam Investment Management Co. lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 120.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 26,104 shares of the semiconductor company's stock after acquiring an additional 14,237 shares during the period. ASML accounts for 0.6% of Flputnam Investment Management Co.'s portfolio, making the stock its 26th biggest holding. Flputnam Investment Management Co.'s holdings in ASML were worth $51,932,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Financial Management LLC bought a new position in ASML in the 4th quarter worth about $26,000. Binnacle Investments Inc increased its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its holdings in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock valued at $27,000 after buying an additional 23 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after buying an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ASML. Argus set a $2,100.00 target price on ASML in a research report on Thursday, July 16th. Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Wall Street Zen lowered ASML from a "buy" rating to a "hold" rating in a report on Saturday. Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Stock Up 2.1%

ASML opened at $1,883.12 on Tuesday. 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 company has a market capitalization of $740.59 billion, a PE ratio of 58.59, a P/E/G ratio of 0.92 and a beta of 1.79. The stock's fifty day moving average is $1,784.33 and its 200-day moving average is $1,571.25. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, equities analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a $2.1507 dividend. 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 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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