Concurrent Investment Advisors LLC raised its position in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 16.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,618 shares of the semiconductor company’s stock after purchasing an additional 667 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in ASML were worth $3,701,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in ASML by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 13 shares in the last quarter. Rossmore Private Capital grew its holdings in ASML by 0.3% during the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock valued at $2,880,000 after buying an additional 14 shares in the last quarter. Baring Financial LLC grew its holdings in ASML by 2.8% during the 2nd quarter. Baring Financial LLC now owns 510 shares of the semiconductor company’s stock valued at $409,000 after buying an additional 14 shares in the last quarter. Sage Mountain Advisors LLC grew its holdings in ASML by 2.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock valued at $399,000 after buying an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in ASML by 15.2% during the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.
ASML Price Performance
ASML opened at $984.66 on Tuesday. The business has a fifty day moving average of $839.76 and a 200 day moving average of $765.15. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,059.00. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a market cap of $387.25 billion, a P/E ratio of 41.10, a PEG ratio of 1.58 and a beta of 1.87.
ASML Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were issued a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio (DPR) is presently 26.21%.
Wall Street Analyst Weigh In
ASML has been the subject of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $935.00 price target on shares of ASML in a report on Thursday. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Wells Fargo & Company lifted their target price on ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Finally, Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,001.60.
Check Out Our Latest Analysis on ASML
ASML 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.
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