Pinnacle Associates Ltd. Has $2.25 Million Position in ASML Holding N.V. $ASML

Pinnacle Associates Ltd. cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 2,803 shares of the semiconductor company’s stock after selling 58 shares during the quarter. Pinnacle Associates Ltd.’s holdings in ASML were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA grew its holdings in ASML by 13.7% in the 1st quarter. Private Trust Co. NA now owns 828 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 100 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in ASML by 3.2% in the 1st quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 16 shares in the last quarter. Capstone Wealth Management Group LLC grew its holdings in ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares in the last quarter. Principal Financial Group Inc. grew its holdings in ASML by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 11,802 shares of the semiconductor company’s stock valued at $7,820,000 after buying an additional 1,777 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in ASML by 6.8% in the 1st quarter. D.A. Davidson & CO. now owns 3,764 shares of the semiconductor company’s stock valued at $2,494,000 after buying an additional 239 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML opened at $1,059.23 on Monday. The stock has a fifty day moving average price of $924.66 and a 200-day moving average price of $804.27. The company has a market cap of $416.58 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 1.76 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 Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11.

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

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be given a dividend of $1.857 per share. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Hsbc Global Res raised ASML to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Susquehanna upped their price objective on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a report on Friday, October 10th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Thursday, October 16th. Finally, Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

About ASML

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.