477 Shares in ASML Holding N.V. $ASML Acquired by Matrix Trust Co

Matrix Trust Co bought a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 477 shares of the semiconductor company’s stock, valued at approximately $949,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capstone Wealth Management Group LLC grew its stake in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of ASML by 1.3% during the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after purchasing an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASML. Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Sanford C. Bernstein increased their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Finally, Bank of America raised their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,740.99 on Monday. The stock has a 50-day simple moving average of $1,770.13 and a 200 day simple moving average of $1,553.08. The stock has a market capitalization of $684.70 billion, a P/E ratio of 54.17, a P/E/G ratio of 0.87 and a beta of 1.79. ASML Holding N.V. has a fifty-two week low of $710.45 and a fifty-two week high of $1,999.96. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 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. On average, sell-side analysts expect that ASML Holding N.V. will post 44.79 earnings per share for the current fiscal year.

ASML Cuts Dividend

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

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.