Northwestern Mutual Wealth Management Co. Grows Holdings in ASML Holding N.V. $ASML

Northwestern Mutual Wealth Management Co. lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 5.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 34,213 shares of the semiconductor company’s stock after buying an additional 1,738 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ASML were worth $68,065,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC boosted its position in ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the last quarter. Van ECK Associates Corp raised its holdings in ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after acquiring an additional 592,125 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after purchasing an additional 96,860 shares during the period. Bank of America Corp DE boosted its holdings in shares of ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,665.14 on Wednesday. The stock’s 50-day moving average is $1,758.02 and its 200-day moving average is $1,596.40. The company has a market cap of $654.87 billion, a price-to-earnings ratio of 51.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96.

ASML (NASDAQ:ASML) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business 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%. Equities analysts anticipate that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Royal Bank Of Canada upped their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Citigroup reissued a “buy” rating on shares of ASML in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Four investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.