Connable Office Inc. Sells 98 Shares of ASML Holding N.V. $ASML

Connable Office Inc. cut its holdings in ASML Holding N.V. (NASDAQ:ASML) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,316 shares of the semiconductor company’s stock after selling 98 shares during the period. Connable Office Inc.’s holdings in ASML were worth $1,055,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ASML. T. Rowe Price Investment Management Inc. bought a new stake in ASML in the first quarter worth $360,262,000. Invesco Ltd. boosted its holdings in ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares in the last quarter. Amundi boosted its holdings in ASML by 91.6% during the first quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock valued at $403,215,000 after acquiring an additional 307,214 shares during the period. First Manhattan CO. LLC. boosted its holdings in ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after acquiring an additional 268,172 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Wednesday, October 15th. Finally, Bank Degroof cut shares of ASML to a “hold” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Stock Performance

NASDAQ:ASML opened at $1,066.82 on Tuesday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $419.56 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.87. The firm has a 50-day moving average price of $930.91 and a 200 day moving average price of $807.27.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the business posted $5.28 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be issued a dividend of $1.857 per share. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. ASML’s dividend payout ratio (DPR) is 25.76%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.