TD Asset Management Inc Has $28.23 Million Stock Position in ASML Holding N.V. (NASDAQ:ASML)

TD Asset Management Inc decreased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,608 shares of the semiconductor company's stock after selling 2,494 shares during the period. TD Asset Management Inc's holdings in ASML were worth $28,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Putney Financial Group LLC lifted its stake in shares of ASML by 322.2% in the 1st 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 period. Wayfinding Financial LLC bought a new stake in ASML in the 1st quarter valued at $35,000. Pinnacle Bancorp Inc. bought a new stake in ASML in the 1st quarter valued at $42,000. Olde Wealth Management LLC acquired a new stake in ASML in the 1st quarter valued at $42,000. Finally, Alpine Bank Wealth Management acquired a new stake in ASML in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays restated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Sanford C. Bernstein started coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, ASML has a consensus rating of "Moderate Buy" and an average target price of $923.80.

ASML Price Performance

Shares of ASML stock traded down $4.89 on Friday, reaching $689.82. 1,621,502 shares of the stock were exchanged, compared to its average volume of 1,771,995. The firm's 50 day moving average is $763.17 and its 200-day moving average is $726.77. ASML Holding N.V. has a one year low of $578.51 and a one year high of $945.05. 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 PE ratio of 28.79, a P/E/G ratio of 1.46 and a beta of 1.73.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). The company had revenue of $8.94 billion during 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%. ASML's revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.01 EPS. As a group, analysts anticipate 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. Investors of record on Tuesday, July 29th will be paid a $1.856 dividend. This represents a $7.42 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's payout ratio is currently 26.17%.

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.