Primecap Management Co. CA Sells 108,000 Shares of ASML Holding N.V. $ASML

Primecap Management Co. CA trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 20.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,609 shares of the semiconductor company’s stock after selling 108,000 shares during the quarter. Primecap Management Co. CA owned approximately 0.11% of ASML worth $338,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Princeton Global Asset Management LLC grew its stake in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in ASML in the 1st quarter worth $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of ASML during the 2nd quarter valued at about $30,000. Washington Trust Advisors Inc. grew its position in shares of ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 22 shares in the last quarter. Finally, Maseco LLP purchased a new stake in shares of ASML in the second quarter worth about $32,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.6%

Shares of NASDAQ:ASML opened at $1,004.06 on Wednesday. The business has a 50-day moving average price of $988.68 and a 200-day moving average price of $835.38. The stock has a market cap of $394.88 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 1.76 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,086.11.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the firm posted $5.28 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. Equities analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.76%.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a research report on Wednesday, October 29th. Evercore ISI restated an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company upped their target price on ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,076.33.

About ASML

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.