Pinpoint Asset Management Singapore Pte. Ltd. Acquires 358 Shares of ASML Holding N.V. $ASML

Pinpoint Asset Management Singapore Pte. Ltd. raised its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 8,950.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362 shares of the semiconductor company’s stock after buying an additional 358 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in ASML were worth $720,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ASML. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its stake in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of ASML by 1,150.0% during the fourth 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 in the last quarter. North Star Investment Management Corp. increased its holdings in ASML by 68.8% during 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 bought a new position in shares of ASML in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Sanford C. Bernstein boosted their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. JPMorgan Chase & Co. upped their price target 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. Finally, Royal Bank Of Canada increased their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

Shares of ASML opened at $1,883.12 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $740.59 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The firm has a 50-day moving average of $1,784.33 and a 200-day moving average of $1,571.25.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The business had revenue of $10.64 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 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

About ASML

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.