Geode Capital Management LLC Sells 2,773 Shares of ASML Holding N.V. $ASML

Geode Capital Management LLC decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 73,305 shares of the semiconductor company’s stock after selling 2,773 shares during the period. Geode Capital Management LLC’s holdings in ASML were worth $58,746,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Goldman Sachs Group Inc. increased 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 buying an additional 199,740 shares during the period. Dimensional Fund Advisors LP boosted its position in ASML by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after acquiring an additional 7,164 shares in the last quarter. Invesco Ltd. increased its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after acquiring an additional 367,505 shares during the period. Fayez Sarofim & Co increased its holdings in shares of ASML by 2.7% in the 1st quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after acquiring an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. raised its position in shares of ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after acquiring an additional 268,172 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $966.57 on Monday. The company has a 50 day moving average price of $1,000.20 and a 200 day moving average price of $841.88. The firm has a market capitalization of $380.14 billion, a P/E ratio of 39.34, a PEG ratio of 1.76 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11.

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

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.8%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.76%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASML. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Bank Degroof lowered shares of ASML to a “hold” rating in a research report on Friday, October 10th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,076.33.

ASML 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.