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Thornburg Investment Management Inc. Sells 14,493 Shares of ASML Holding N.V. (NASDAQ:ASML)

ASML logo with Computer and Technology background

Key Points

  • Thornburg Investment Management Inc. decreased its holdings in ASML Holding N.V. by 36%, selling 14,493 shares and now owns 25,781 shares valued at $17,083,000.
  • ASML's earnings report showed $4.55 EPS, missing consensus estimates while revenues increased to $8.94 billion, reflecting a 23.2% year-over-year growth.
  • The company declared a quarterly dividend of $1.856 per share, up from the previous $1.64, with an annualized yield of 1.02%.
  • Interested in ASML? Here are five stocks we like better.
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Thornburg Investment Management Inc. lowered its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 36.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,781 shares of the semiconductor company's stock after selling 14,493 shares during the period. Thornburg Investment Management Inc.'s holdings in ASML were worth $17,083,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Putney Financial Group LLC boosted its stake in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in ASML during the first quarter worth about $27,000. Wayfinding Financial LLC bought a new stake in ASML during the first quarter worth about $35,000. Pinnacle Bancorp Inc. bought a new stake in ASML during the first quarter worth about $42,000. Finally, Olde Wealth Management LLC bought a new stake in ASML during the first quarter worth about $42,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. DZ Bank cut shares of ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Sanford C. Bernstein assumed coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Finally, New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and an average price target of $923.80.

Get Our Latest Stock Analysis on ASML

ASML Stock Up 2.6%

ASML opened at $729.99 on Tuesday. The firm has a 50 day moving average price of $765.01 and a 200-day moving average price of $727.09. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $287.19 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.44 and a beta of 1.73. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The business had revenue of $8.94 billion for 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%. The business's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 earnings per share. Equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be given a $1.856 dividend. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Tuesday, July 29th. ASML's dividend payout ratio is presently 26.34%.

ASML Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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