Capital Research Global Investors Has $5.55 Million Stake in ASML Holding (NASDAQ:ASML)

Capital Research Global Investors lowered its position in ASML Holding (NASDAQ:ASML) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,715 shares of the semiconductor company’s stock after selling 184 shares during the period. Capital Research Global Investors’ holdings in ASML were worth $5,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASML. American Capital Advisory LLC acquired a new position in shares of ASML during the 1st quarter worth $26,000. WD Rutherford LLC bought a new position in ASML during the first quarter valued at about $29,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the fourth quarter worth about $34,000. ZRC Wealth Management LLC acquired a new position in shares of ASML during the 1st quarter valued at about $39,000. Finally, Rocky Mountain Advisers LLC increased its holdings in shares of ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ASML. Sanford C. Bernstein decreased their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Evercore ISI started coverage on shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Finally, Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Price Performance

Shares of ASML stock opened at $888.39 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market cap of $350.55 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.49. The firm has a fifty day moving average price of $1,003.90 and a two-hundred day moving average price of $944.80. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company earned $5.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. Analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. The ex-dividend date of this dividend is Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.84%. ASML’s payout ratio is currently 32.53%.

ASML Company 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.