Trans Canada Capital Inc. Makes New $28.64 Million Investment in ASML Holding N.V. $ASML

Key Points

• Trans Canada Capital acquired 14,396 ASML shares worth approximately $28.64 million, making the semiconductor equipment maker its fifth-largest portfolio position at 1.6%.
• Analysts remain broadly positive, with ASML receiving a “Moderate Buy” consensus rating and an average price target of $1,970.33; Bernstein raised its target to $2,623.
• ASML reported quarterly EPS of $8.65 on $10.62 billion in revenue, with a 30.11% net margin, and paid a quarterly dividend of $2.1507, equivalent to a 0.5% annualized yield.

Trans Canada Capital Inc. purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,396 shares of the semiconductor company's stock, valued at approximately $28,640,000. ASML makes up approximately 1.6% of Trans Canada Capital Inc.'s portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also made changes to their positions in the stock. Boston Common Asset Management LLC acquired a new position in ASML during the 1st quarter worth $4,355,000. Cambridge Investment Research Advisors Inc. grew its position in shares of ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock valued at $24,036,000 after purchasing an additional 760 shares during the last quarter. Keudell Morrison Wealth Management bought a new position in shares of ASML in the fourth quarter worth about $1,402,000. Puzo Michael J acquired a new position in shares of ASML during the 2nd quarter worth about $1,795,000. Finally, Griffin Asset Management Inc. grew its holdings in ASML by 3.5% in the 4th quarter. Griffin Asset Management Inc. now owns 21,786 shares of the semiconductor company's stock valued at $23,308,000 after buying an additional 741 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings raised shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Morgan Stanley restated an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Sanford C. Bernstein upped their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an "outperform" rating in a research report on Monday, July 6th. Argus set a $2,100.00 target price on shares of ASML in a research note on Thursday, July 16th. Finally, Susquehanna reissued a "positive" rating on shares of ASML in a research report on Tuesday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Price Performance

Shares of ASML stock opened at $1,714.88 on Monday. ASML Holding N.V. has a one year low of $766.24 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a fifty day moving average price of $1,751.00 and a 200 day moving average price of $1,602.20. The stock has a market cap of $674.43 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts predict that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

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