Envestnet Asset Management Inc. Decreases Holdings in ASML Holding N.V. $ASML

Envestnet Asset Management Inc. lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 420,493 shares of the semiconductor company’s stock after selling 13,065 shares during the period. Envestnet Asset Management Inc. owned 0.11% of ASML worth $407,075,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new stake in ASML in the third quarter valued at approximately $25,000. Princeton Global Asset Management LLC increased its holdings in shares of ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the last quarter. City Holding Co. purchased a new stake in shares of ASML during the 3rd quarter valued at $26,000. Binnacle Investments Inc lifted its holdings in shares of 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 acquiring an additional 15 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of ASML during the 2nd quarter worth $30,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ASML shares. Royal Bank Of Canada increased their price objective on ASML from $1,550.00 to $1,625.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Rothschild Redb upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Grupo Santander downgraded shares of ASML to an “underperform” rating in a research note on Thursday, January 22nd. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Finally, UBS Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,475.00.

ASML Stock Performance

Shares of ASML opened at $1,339.13 on Thursday. The company has a 50-day simple moving average of $1,201.56 and a two-hundred day simple moving average of $998.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. The firm has a market capitalization of $526.65 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 1.61 and a beta of 1.89. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,493.47.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. This is an increase from ASML’s previous quarterly dividend of $1.88. ASML’s dividend payout ratio (DPR) is currently 24.55%.

ASML 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.