Eventide Asset Management LLC Decreases Stock Holdings in ASML Holding N.V. $ASML

by · The Markets Daily

Eventide Asset Management LLC decreased its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,461 shares of the semiconductor company’s stock after selling 3,089 shares during the quarter. Eventide Asset Management LLC’s holdings in ASML were worth $54,060,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Princeton Global Asset Management LLC grew its position in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of ASML in the 2nd quarter worth $30,000. Washington Trust Advisors Inc. boosted its position in shares of ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the last quarter. Maseco LLP acquired a new position in shares of ASML during the 2nd quarter valued at about $32,000. Finally, Knuff & Co LLC acquired a new stake in ASML during the first quarter worth about $33,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 3.7%

Shares of ASML stock opened at $1,080.85 on Friday. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,141.72. The company has a 50 day moving average price of $1,039.93 and a 200 day moving average price of $875.92. The stock has a market capitalization of $425.08 billion, a P/E ratio of 43.99, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. The company had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $5.28 EPS. Equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on ASML. HSBC reiterated a “buy” rating on shares of ASML in a report on Friday, October 17th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a report on Thursday, October 16th. Sanford C. Bernstein reissued a “neutral” rating on shares of ASML in a research note on Thursday. New Street Research reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Finally, Rothschild & Co Redburn raised ASML from a “neutral” rating to a “buy” rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus price target of $1,171.83.

Get Our Latest Stock Report on ASML

ASML Profile

(Free Report)

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.

Read More