Glenview Trust Co Grows Stake in ASML Holding N.V. $ASML

Glenview Trust Co increased its position in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,916 shares of the semiconductor company’s stock after purchasing an additional 371 shares during the quarter. Glenview Trust Co’s holdings in ASML were worth $6,493,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ASML. Arrowstreet Capital Limited Partnership lifted its holdings in shares of ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock valued at $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of ASML by 14.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock valued at $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. Invesco Ltd. increased its stake in shares of ASML by 21.3% during the 3rd quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after purchasing an additional 148,948 shares in the last quarter. Sands Capital Management LLC increased its stake in shares of ASML by 26.6% during the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock worth $716,790,000 after purchasing an additional 140,821 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of ASML by 86.9% during the 4th quarter. SG Americas Securities LLC now owns 297,337 shares of the semiconductor company’s stock worth $318,109,000 after purchasing an additional 138,208 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on ASML. Wells Fargo & Company increased their price objective on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Saturday. Argus set a $2,100.00 target price on shares of ASML in a report on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Finally, Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

Check Out Our Latest Analysis on ASML

ASML Stock Performance

ASML stock opened at $1,801.51 on Wednesday. The stock’s 50-day moving average is $1,741.07 and its 200-day moving average is $1,513.33. The company has a market cap of $708.51 billion, a price-to-earnings ratio of 56.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.78. 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 $683.48 and a 12 month high of $1,999.96.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The company had revenue of $10.64 billion during the quarter. Equities analysts anticipate that ASML Holding N.V. will post 41.59 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th will be given a $2.1507 dividend. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s dividend payout ratio (DPR) is 22.74%.

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About ASML

(Free Report)

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.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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