ASML Holding N.V. $ASML Stock: Kornitzer Capital Management Inc. KS Cuts Position

Kornitzer Capital Management Inc. KS lessened its position in ASML Holding N.V. (NASDAQ:ASML) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,268 shares of the semiconductor company’s stock after selling 467 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in ASML were worth $31,284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ASML. Boston Common Asset Management LLC purchased a new position in ASML in the 1st quarter valued at approximately $4,355,000. Puzo Michael J purchased a new stake in ASML during the second quarter worth $1,795,000. Envestnet Asset Management Inc. boosted its position in ASML by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 440,721 shares of the semiconductor company’s stock worth $876,783,000 after purchasing an additional 27,021 shares in the last quarter. State Street Corp grew its holdings in ASML by 4.4% in the second quarter. State Street Corp now owns 85,872 shares of the semiconductor company’s stock valued at $170,851,000 after purchasing an additional 3,632 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in ASML by 12.5% in the second quarter. QRG Capital Management Inc. now owns 26,167 shares of the semiconductor company’s stock valued at $52,057,000 after purchasing an additional 2,913 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 5.0%

Shares of ASML stock opened at $1,424.75 on Friday. The company has a market capitalization of $549.13 billion, a price-to-earnings ratio of 35.08, a PEG ratio of 0.59 and a beta of 1.80. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $1,677.25 and a 200 day moving average price of $1,599.85. ASML Holding N.V. has a twelve month low of $946.11 and a twelve month high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The company had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. Research analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Tuesday, October 27th were paid a dividend of $2.1077 per share. The ex-dividend date of this dividend was Tuesday, October 27th. This is a negative change from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a dividend yield of 0.6%. ASML’s payout ratio is currently 17.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group restated a “buy” rating on shares of ASML in a research report on Monday, September 28th. Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. Barclays reissued an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Citigroup restated a “buy” rating on shares of ASML in a report on Thursday, October 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $2,100.00 target price on shares of ASML in a research report on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $2,204.71.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures equipment used to produce semiconductor chips. Its systems are used by chipmakers to create the intricate patterns that form circuits on silicon wafers.

The company’s products include extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography systems, along with metrology and inspection equipment, computational lithography software, and related services. ASML also supports customers with system maintenance, upgrades, and technical assistance.

Founded in 1984 as a joint venture between Philips and ASM International, ASML is headquartered in Veldhoven, the Netherlands.