ASML Holding N.V. $ASML Holdings Raised by Spinnaker Trust

Spinnaker Trust lifted its stake in ASML Holding N.V. (NASDAQ:ASML) by 5.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,332 shares of the semiconductor company’s stock after purchasing an additional 471 shares during the quarter. ASML accounts for about 0.9% of Spinnaker Trust’s investment portfolio, making the stock its 28th largest holding. Spinnaker Trust’s holdings in ASML were worth $18,566,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new stake in shares of ASML during the fourth quarter valued at approximately $26,000. Binnacle Investments Inc grew its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV raised its stake in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Field & Main Bank acquired a new stake in shares of ASML in the second quarter worth $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ASML shares. JPMorgan Chase & Co. increased their price objective on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company increased their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Argus set a $2,100.00 price target on shares of ASML in a research note on Thursday, July 16th. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Sanford C. Bernstein boosted their price target on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Down 2.2%

ASML stock opened at $1,696.16 on Friday. ASML Holding N.V. has a 52 week low of $716.20 and a 52 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 firm has a market capitalization of $667.07 billion, a PE ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79. The business’s 50-day simple moving average is $1,764.95 and its 200-day simple moving average is $1,591.65.

ASML (NASDAQ:ASML) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities research analysts forecast that ASML Holding N.V. will post 44.99 earnings per share for the current year.

ASML Cuts Dividend

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