ASML Holding N.V. $ASML Stock Position Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. increased its stake in ASML Holding N.V. (NASDAQ:ASML) by 120.0% during the second quarter, HoldingsChannel.com reports. The fund owned 26,104 shares of the semiconductor company’s stock after buying an additional 14,237 shares during the period. ASML makes up approximately 0.6% of Flputnam Investment Management Co.’s holdings, making the stock its 26th biggest position. Flputnam Investment Management Co.’s holdings in ASML were worth $51,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ASML. Arrowstreet Capital Limited Partnership increased its stake in ASML by 195.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after purchasing an additional 1,022,532 shares in the last quarter. Sei Investments Co. lifted its stake in ASML by 223.7% during the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after buying an additional 198,505 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in ASML by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock valued at $1,633,046,000 after buying an additional 193,068 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of ASML by 21.3% in the third quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after buying an additional 148,948 shares during the period. Finally, Sands Capital Management LLC boosted its holdings in shares of ASML by 26.6% in the fourth quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock worth $716,790,000 after buying an additional 140,821 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ASML shares. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Susquehanna reiterated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Finally, Sanford C. Bernstein increased their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Performance

ASML stock opened at $1,883.12 on Tuesday. The firm has a 50 day simple moving average of $1,784.33 and a 200 day simple moving average of $1,571.25. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96. The stock has a market cap of $740.59 billion, a P/E ratio of 58.59, a P/E/G ratio of 0.92 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share 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. Research analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

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