Cannell & Spears LLC Purchases New Stake in ASML Holding N.V. $ASML

Cannell & Spears LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 582 shares of the semiconductor company’s stock, valued at approximately $763,000.

Several other large investors have also recently bought and sold shares of ASML. Cornerstone Financial Management LLC acquired a new stake in ASML in the fourth quarter valued at $26,000. Portus Wealth Advisors LLC acquired a new position in shares of ASML during the 1st quarter worth $32,000. Resources Management Corp CT ADV grew its stake in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in shares of ASML in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

More ASML News

Here are the key news stories impacting ASML this week:

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday, July 16th. Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Finally, Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

Get Our Latest Research Report on ASML

ASML Trading Down 2.5%

NASDAQ:ASML opened at $1,757.09 on Friday. The company has a market capitalization of $691.03 billion, a PE ratio of 54.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.78. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,999.96. The stock has a fifty day simple moving average of $1,754.95 and a 200-day simple moving average of $1,524.62.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The business had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, equities research analysts expect that ASML Holding N.V. will post 43.6 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th will be given a dividend of $2.1507 per share. The ex-dividend date is Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is presently 33.51%.

ASML Profile

(Free Report)

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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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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