Pinpoint Asset Management Singapore Pte. Ltd. Purchases 358 Shares of ASML Holding N.V. $ASML

Pinpoint Asset Management Singapore Pte. Ltd. increased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 8,950.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362 shares of the semiconductor company’s stock after acquiring an additional 358 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in ASML were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new stake in shares of ASML during the fourth quarter worth $26,000. Binnacle Investments Inc boosted its stake in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV grew its stake in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the period. North Star Investment Management Corp. raised its holdings in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new stake in shares of ASML in the fourth quarter worth approximately $30,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ:ASML opened at $1,883.12 on Tuesday. The firm has a market cap of $740.59 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. 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 business has a 50 day moving average price of $1,784.33 and a 200-day moving average price of $1,571.25.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 firm had revenue of $10.64 billion for the quarter. Equities research analysts predict that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Finally, Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML 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.