Envestnet Asset Management Inc. Buys 27,021 Shares of ASML Holding N.V. $ASML

Key Points

• Envestnet Asset Management increased its ASML stake by 6.5%, purchasing 27,021 additional shares to hold 440,721 shares valued at approximately $876.8 million. Other institutional investors also raised or initiated positions, with institutions owning 26.07% of ASML.
• ASML reported quarterly EPS of $8.65 on $10.62 billion in revenue, with a 30.11% net margin and 52.71% return on equity. Analysts expect full-year EPS of $44.03.
• Shares recently traded at $1,744.61, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $1,970.33. ASML also declared an annualized dividend of $8.60 per share, yielding 0.5%.

Envestnet Asset Management Inc. raised its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,721 shares of the semiconductor company's stock after buying an additional 27,021 shares during the period. Envestnet Asset Management Inc. owned 0.11% of ASML worth $876,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of ASML by 4.4% during the 2nd quarter. State Street Corp now owns 85,872 shares of the semiconductor company's stock valued at $170,851,000 after acquiring an additional 3,632 shares in the last quarter. Twin Peaks Capital Ltd bought a new stake in ASML during the 2nd quarter worth $5,968,000. Sequoia Financial Advisors LLC increased its holdings in ASML by 1.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,611 shares of the semiconductor company's stock worth $11,163,000 after purchasing an additional 65 shares in the last quarter. MCF Advisors LLC increased its holdings in ASML by 10.1% in the 2nd quarter. MCF Advisors LLC now owns 175 shares of the semiconductor company's stock worth $348,000 after purchasing an additional 16 shares in the last quarter. Finally, Scholtz & Company LLC raised its position in ASML by 9.6% in the second quarter. Scholtz & Company LLC now owns 4,116 shares of the semiconductor company's stock valued at $8,189,000 after purchasing an additional 362 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 0.2%

Shares of NASDAQ ASML traded down $3.29 during trading on Wednesday, reaching $1,744.61. The company had a trading volume of 1,254,254 shares, compared to its average volume of 1,777,686. The stock has a market cap of $686.12 billion, a P/E ratio of 54.28, a PEG ratio of 0.87 and a beta of 1.79. The company's fifty day moving average price is $1,719.69 and its 200-day moving average price is $1,621.26. The company has a quick ratio of 0.80, a current ratio of 1.33 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 issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, research analysts expect that ASML Holding N.V. will post 44.03 earnings per share for the current year.

ASML Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ASML. DZ Bank raised ASML from a "hold" rating to a "strong-buy" rating in a research note 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. Wells Fargo & Company raised their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ASML in a research report on Friday, July 10th. Finally, Argus set a $2,100.00 target price on shares of ASML in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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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