Kornitzer Capital Management Inc. KS Has $16.58 Million Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Kornitzer Capital Management Inc. has reduced its ownership in ASML Holding N.V. by 10.9%, now holding 20,685 shares valued at approximately $16.58 million.
• Recently, multiple institutional investors have increased their positions in ASML, indicating growing confidence in the company's future prospects.
• ASML's recent quarterly earnings reported $6.41 EPS, surpassing expectations, while the company declared a dividend of $1.857 per share to be paid on November 6th.

Kornitzer Capital Management Inc. KS decreased its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 10.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,685 shares of the semiconductor company's stock after selling 2,519 shares during the period. Kornitzer Capital Management Inc. KS's holdings in ASML were worth $16,577,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of ASML by 4.3% during the second quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company's stock valued at $254,000 after buying an additional 13 shares during the last quarter. Rossmore Private Capital boosted its position in ASML by 0.3% in the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock worth $2,880,000 after purchasing an additional 14 shares during the last quarter. Baring Financial LLC boosted its position in ASML by 2.8% in the second quarter. Baring Financial LLC now owns 510 shares of the semiconductor company's stock worth $409,000 after purchasing an additional 14 shares during the last quarter. Sage Mountain Advisors LLC boosted its position in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock worth $399,000 after purchasing an additional 15 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in ASML by 15.2% in the first quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASML. Citigroup reissued a "buy" rating on shares of ASML in a research report on Tuesday, October 7th. Weiss Ratings raised ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday. Zacks Research raised ASML from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 17th. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. Finally, Morningstar cut ASML to a "hold" rating in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and a consensus price target of $1,051.60.

ASML Stock Performance

Shares of NASDAQ:ASML traded down $3.31 during midday trading on Friday, reaching $1,033.10. 1,032,064 shares of the company traded hands, compared to its average volume of 1,702,342. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,059.00. The firm has a market capitalization of $406.30 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. The firm's fifty day moving average price is $892.92 and its two-hundred day moving average price is $787.36.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the company posted $5.28 EPS. The firm's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio is presently 25.56%.

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.

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