Telemark Asset Management LLC Sells 6,000 Shares of ASML Holding N.V. $ASML

Telemark Asset Management LLC decreased its stake in ASML Holding N.V. (NASDAQ:ASML) by 60.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the semiconductor company’s stock after selling 6,000 shares during the quarter. Telemark Asset Management LLC’s holdings in ASML were worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in ASML by 6.3% during the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company’s stock worth $3,401,304,000 after acquiring an additional 250,934 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of ASML by 24.9% in the 3rd quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock valued at $1,861,445,000 after buying an additional 385,502 shares during the period. Franklin Resources Inc. increased its position in shares of ASML by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company’s stock valued at $611,933,000 after buying an additional 37,994 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of ASML by 14.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 583,093 shares of the semiconductor company’s stock valued at $467,285,000 after buying an additional 72,164 shares in the last quarter. Finally, Brown Advisory Inc. raised its stake in ASML by 1.8% during the 2nd quarter. Brown Advisory Inc. now owns 448,798 shares of the semiconductor company’s stock worth $359,662,000 after buying an additional 8,070 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Santander cut ASML from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 22nd. Weiss Ratings lowered ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Thursday, January 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Friday, January 16th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Stock Up 0.7%

Shares of ASML stock opened at $1,469.59 on Friday. The firm’s fifty day moving average price is $1,279.18 and its two-hundred day moving average price is $1,058.17. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,493.47. The firm has a market capitalization of $577.97 billion, a P/E ratio of 56.92, a PEG ratio of 1.67 and a beta of 1.89.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be given a dividend of $3.1771 per share. This represents a $12.71 annualized dividend and a yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. ASML’s payout ratio is currently 41.83%.

ASML 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.