ASML Holding N.V. $ASML Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in ASML Holding N.V. (NASDAQ:ASML) by 47.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,675 shares of the semiconductor company’s stock after selling 3,332 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in ASML were worth $2,934,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC grew its stake 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 valued at $26,000 after buying an additional 20 shares during the period. Washington Trust Advisors Inc. boosted its position in ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 22 shares during the period. Maseco LLP purchased a new position in ASML in the 2nd quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new position in ASML in the 1st quarter valued at approximately $27,000. Finally, Costello Asset Management INC raised its holdings in shares of ASML by 147.1% in the 2nd quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ:ASML opened at $1,059.98 on Tuesday. The firm has a 50 day simple moving average of $899.17 and a 200-day simple moving average of $792.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a market cap of $416.87 billion, a PE ratio of 43.14, a P/E/G ratio of 1.70 and a beta of 1.87. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,060.73.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.28 earnings per share. On average, equities analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a positive change from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is currently 25.56%.

Analysts Set New Price Targets

ASML has been the topic of a number of analyst reports. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,051.60.

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.