ASML Holding N.V. $ASML Stock Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund cut its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 95.0% during the 3rd quarter, Holdings Channel reports. The firm owned 919 shares of the semiconductor company’s stock after selling 17,571 shares during the period. New York State Common Retirement Fund’s holdings in ASML were worth $890,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in ASML in the third quarter worth about $25,000. City Holding Co. acquired a new position in shares of ASML in the 3rd quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its stake in shares of ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the last quarter. Binnacle Investments Inc raised its holdings in shares of 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 purchasing an additional 15 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in ASML during the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Evercore restated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Royal Bank Of Canada raised their price objective on ASML from $1,550.00 to $1,625.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Thursday, January 29th. Rothschild & Co Redburn set a $1,200.00 target price on ASML in a report on Friday, November 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ASML in a research report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,475.00.

ASML Price Performance

ASML opened at $1,413.62 on Wednesday. The firm has a market capitalization of $555.95 billion, a P/E ratio of 54.75, a PEG ratio of 1.65 and a beta of 1.89. The stock has a fifty day moving average of $1,227.82 and a 200-day moving average of $1,019.64. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,493.47.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be paid a $3.1771 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio (DPR) is currently 24.55%.

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.