PNC Financial Services Group Inc. Increases Stake in ASML Holding N.V. (NASDAQ:ASML)

PNC Financial Services Group Inc. increased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,902 shares of the semiconductor company's stock after buying an additional 4,898 shares during the period. PNC Financial Services Group Inc.'s holdings in ASML were worth $25,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ASML. Putney Financial Group LLC grew its stake in ASML by 322.2% in 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 purchased a new position in ASML in the first quarter valued at about $27,000. Wayfinding Financial LLC purchased a new position in ASML in the first quarter valued at about $35,000. Pinnacle Bancorp Inc. purchased a new position in ASML in the first quarter valued at about $42,000. Finally, Olde Wealth Management LLC purchased a new position in ASML in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Trading Up 1.4%

ASML stock opened at $699.36 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05. The company has a market capitalization of $275.14 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.76. The stock has a 50-day moving average price of $761.66 and a 200 day moving average price of $725.88.

ASML (NASDAQ:ASML - Get Free Report) last announced 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). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the firm posted $4.01 earnings per share. The company's revenue was up 23.2% compared to the same quarter last year. Sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be paid a $1.856 dividend. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.1%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is presently 26.21%.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research analyst reports. New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. DZ Bank lowered ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Erste Group Bank restated a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. Citigroup restated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Finally, Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and an average target price of $923.80.

ASML 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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