Meitav Investment House Ltd. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 352.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,073 shares of the semiconductor company’s stock after acquiring an additional 5,509 shares during the period. Meitav Investment House Ltd.’s holdings in ASML were worth $5,305,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Putney Financial Group LLC increased its holdings in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 29 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of ASML in the first quarter worth $27,000. Maseco LLP purchased a new stake in shares of ASML in the second quarter worth $32,000. Knuff & Co LLC bought a new stake in ASML during the first quarter valued at $33,000. Finally, Wayfinding Financial LLC purchased a new position in ASML during the first quarter worth about $35,000. 26.07% of the stock is currently owned by institutional investors.
ASML Price Performance
Shares of ASML stock opened at $1,043.30 on Tuesday. The company’s fifty day simple moving average is $812.40 and its two-hundred day simple moving average is $755.60. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00. The firm has a market cap of $410.46 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21.
ASML Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were paid a $1.856 dividend. This represents a $7.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio (DPR) is 26.21%.
Analyst Ratings Changes
Several analysts have weighed in on ASML shares. New Street Research reaffirmed a “neutral” rating on shares of ASML in a report on Monday. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of ASML in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research note on Tuesday, September 30th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $938.80.
View Our Latest Analysis on ASML
ASML Profile
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.
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