ASML Holding N.V. $ASML is Van ECK Associates Corp’s 7th Largest Position

Van ECK Associates Corp boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 31.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,459,420 shares of the semiconductor company’s stock after acquiring an additional 592,125 shares during the quarter. ASML comprises about 3.1% of Van ECK Associates Corp’s portfolio, making the stock its 7th largest position. Van ECK Associates Corp’s holdings in ASML were worth $4,892,869,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new stake in shares of ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc increased its holdings in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the period. Resources Management Corp CT ADV increased its holdings in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the period. North Star Investment Management Corp. raised its position in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the last quarter. Finally, Field & Main Bank purchased a new position in ASML during the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on ASML shares. 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 report on Monday, July 6th. Morningstar downgraded shares of ASML to a “sell” rating in a research report on Wednesday, May 27th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Trading Down 2.2%

ASML stock opened at $1,696.16 on Friday. The company’s 50-day simple moving average is $1,764.95 and its 200-day simple moving average is $1,591.65. 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 $716.20 and a 52-week high of $1,999.96. The firm has a market cap of $667.07 billion, a P/E ratio of 52.77, a PEG ratio of 0.86 and a beta of 1.79.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, equities analysts forecast that ASML Holding N.V. will post 44.92 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is presently 22.62%.

ASML 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.