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

Telemark Asset Management LLC reduced its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 60.0% in the 3rd quarter, HoldingsChannel.com reports. The fund 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.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in shares of ASML by 6.3% during the second 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 period. WCM Investment Management LLC increased its holdings in shares of ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company’s stock worth $1,861,445,000 after purchasing an additional 385,502 shares during the period. Franklin Resources Inc. raised its position in shares of ASML by 5.2% in the second 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 boosted its stake in shares of ASML by 14.1% in the second 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 during the period. Finally, Brown Advisory Inc. grew its position in ASML by 1.8% during the second 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 in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,469.59 on Friday. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,493.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. The company has a market cap of $577.97 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 1.67 and a beta of 1.89. The firm has a 50 day simple moving average of $1,279.18 and a 200 day simple moving average of $1,058.17.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be paid a $3.1771 dividend. This represents a $12.71 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio is currently 41.83%.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, January 23rd. Wells Fargo & Company boosted their price target on ASML from $1,450.00 to $1,650.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Bank of America upped their price objective on shares of ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Grupo Santander lowered shares of ASML to an “underperform” rating in a report on Thursday, January 22nd. Finally, Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average target price of $1,475.00.

About ASML

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.