Eventide Asset Management LLC Reduces Holdings in ASML Holding N.V. $ASML

Eventide Asset Management LLC decreased its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,084 shares of the semiconductor company’s stock after selling 1,377 shares during the period. ASML makes up 1.1% of Eventide Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Eventide Asset Management LLC’s holdings in ASML were worth $63,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ASML. Telos Capital Management Inc. raised its position in shares of ASML by 4.5% in the 3rd quarter. Telos Capital Management Inc. now owns 10,850 shares of the semiconductor company’s stock worth $10,504,000 after acquiring an additional 463 shares in the last quarter. Regents of The University of California bought a new stake in shares of ASML during the third quarter valued at approximately $413,335,000. Transcendent Capital Group LLC purchased a new stake in ASML in the third quarter worth $680,000. Dimensional Fund Advisors LP grew its stake in ASML by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 990,816 shares of the semiconductor company’s stock worth $959,180,000 after purchasing an additional 38,660 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in ASML by 34.5% in the third quarter. Principal Financial Group Inc. now owns 15,583 shares of the semiconductor company’s stock worth $15,086,000 after purchasing an additional 4,001 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on ASML shares. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Wells Fargo & Company increased their price target on shares of ASML from $1,450.00 to $1,650.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Sanford C. Bernstein reissued a “buy” rating on shares of ASML in a research report on Wednesday, February 25th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Finally, UBS Group restated a “buy” rating on shares of ASML in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Stock Down 0.4%

Shares of NASDAQ:ASML opened at $1,345.69 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $1,380.42 and a two-hundred day simple moving average of $1,128.13. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,547.22. The stock has a market capitalization of $529.24 billion, a price-to-earnings ratio of 52.12, a PEG ratio of 1.30 and a beta of 1.88.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be given a $3.1771 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a dividend yield of 0.9%. This is a boost from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is presently 41.83%.

ASML Company 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.