ASML Holding N.V. (NASDAQ:ASML) Stake Lowered by TIAA Trust National Association

Key Points

• TIAA Trust National Association reduced its stake in ASML Holding N.V. by 18.7%, bringing its total shares owned to 21,449 valued at approximately $14.21 million.
• Recent analyst ratings for ASML show a mix of upgrades and downgrades, with a consensus rating of "Moderate Buy" and a target price of $923.80.
• ASML announced an increase in its quarterly dividend to $1.856 per share, up from the previous $1.64, reflecting a healthy payout ratio of 26.21%.

TIAA Trust National Association cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,449 shares of the semiconductor company's stock after selling 4,928 shares during the quarter. TIAA Trust National Association's holdings in ASML were worth $14,213,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC grew its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of ASML during the first quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in ASML in the 1st quarter worth approximately $35,000. Pinnacle Bancorp Inc. bought a new position in ASML in the 1st quarter worth approximately $42,000. Finally, Olde Wealth Management LLC bought a new position in ASML in the 1st quarter worth approximately $42,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of recent analyst reports. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Finally, Susquehanna decreased their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Performance

Shares of NASDAQ ASML opened at $689.82 on Friday. The stock has a fifty day moving average price of $762.32 and a two-hundred day moving average price of $726.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The firm has a market cap of $271.39 billion, a P/E ratio of 28.79, a PEG ratio of 1.40 and a beta of 1.77. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.01 earnings per share. Research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be given a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.1%. ASML's payout ratio is currently 26.21%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

Want to see what other hedge funds are holding ASML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASML Holding N.V. (NASDAQ:ASML - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.