QRG Capital Management Inc. Acquires 2,913 Shares of ASML Holding N.V. $ASML

by · The Markets Daily

QRG Capital Management Inc. lifted its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,167 shares of the semiconductor company’s stock after purchasing an additional 2,913 shares during the quarter. QRG Capital Management Inc.’s holdings in ASML were worth $52,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASML. Boston Common Asset Management LLC purchased a new stake in ASML during the 1st quarter valued at about $4,355,000. Puzo Michael J bought a new position in shares of ASML in the second quarter worth approximately $1,795,000. Bank of America Corp DE raised its holdings in ASML by 1.2% in the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after acquiring an additional 19,051 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in ASML by 23.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,371 shares of the semiconductor company’s stock worth $12,675,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Meridian Management Co. bought a new position in ASML in the 2nd quarter valued at approximately $1,814,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASML. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 10th. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup restated a “buy” rating on shares of ASML in a research note on Friday, July 17th. Sanford C. Bernstein raised their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a report on Thursday, June 11th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,970.33.

Check Out Our Latest Report on ASML

ASML Stock Performance

Shares of ASML traded down $3.29 on Wednesday, reaching $1,744.61. The company’s stock had a trading volume of 1,254,254 shares, compared to its average volume of 1,777,686. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $686.12 billion, a P/E ratio of 54.28, a PEG ratio of 0.87 and a beta of 1.79. The stock’s 50 day simple moving average is $1,719.69 and its two-hundred day simple moving average is $1,621.26. ASML Holding N.V. has a 12-month low of $935.41 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML – Get Free Report) last announced its earnings results 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 $10.62 billion during the quarter. Research analysts forecast that ASML Holding N.V. will post 44.03 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s payout ratio is presently 22.62%.

ASML Profile

(Free Report)

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment uses light to project intricate circuit patterns onto silicon wafers, an essential step in the production of chips for computers, smartphones, automobiles, data centers and other electronic devices.

The company’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems and advanced metrology and inspection technologies.

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