ASML Holding N.V. $ASML Position Lifted by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 8.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,635 shares of the semiconductor company’s stock after acquiring an additional 685 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in ASML were worth $17,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ASML. Boston Common Asset Management LLC acquired a new position in ASML during the 1st quarter valued at about $4,355,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after acquiring an additional 760 shares during the period. Keudell Morrison Wealth Management bought a new position in shares of ASML in the fourth quarter valued at approximately $1,402,000. Keybank National Association OH boosted its holdings in shares of ASML by 21.3% in the fourth quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock valued at $69,920,000 after acquiring an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of ASML by 507.0% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after acquiring an additional 2,251 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ASML shares. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. boosted their price objective on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Sanford C. Bernstein upped their price objective on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Down 0.1%

ASML stock opened at $1,750.31 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market cap of $688.36 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The firm’s 50 day moving average price is $1,782.20 and its two-hundred day moving average price is $1,578.32.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, research analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

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

ASML Company 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.