Massachusetts Financial Services Co. MA Increases Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Massachusetts Financial Services Co. MA increased its ASML stake by 67.4% in the second quarter, purchasing 3,730 additional shares for a total of 9,268 shares valued at approximately $20.2 million.
• Analyst sentiment remains broadly positive: ASML has a “Moderate Buy” consensus rating, with a target price of $1,970.33, despite some analysts maintaining hold or sell ratings.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, while paying a quarterly dividend of $2.1507, equivalent to an annualized yield of about 0.5%.

Massachusetts Financial Services Co. MA increased its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 67.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,268 shares of the semiconductor company's stock after purchasing an additional 3,730 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in ASML were worth $20,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter worth about $26,000. Binnacle Investments Inc grew its holdings in ASML by 78.9% during the 2nd 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 last quarter. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc bought a new stake in ASML in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group restated a "buy" rating on shares of ASML in a research report on Wednesday, July 1st. Weiss Ratings upgraded shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 17th. Morningstar downgraded shares of ASML to a "sell" rating in a research note on Wednesday, May 27th. Morgan Stanley reissued an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Finally, DZ Bank upgraded shares of ASML from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,970.33.

ASML Price Performance

ASML opened at $1,844.45 on Friday. The company has a market capitalization of $725.39 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 12-month low of $716.20 and a 12-month high of $1,999.96. The business's fifty day simple moving average is $1,781.65 and its 200-day simple moving average is $1,567.15.

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

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a $2.1507 dividend. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio is presently 22.62%.

ASML Company Profile

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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