ICONIQ Capital LLC Takes $762,000 Position in ASML Holding N.V. $ASML

ICONIQ Capital LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, Holdings Channel reports. The firm bought 383 shares of the semiconductor company’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new stake in ASML in the 4th quarter worth approximately $26,000. Binnacle Investments Inc increased 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 valued at $27,000 after purchasing an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its holdings in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Field & Main Bank acquired a new position in shares of ASML in the 2nd quarter valued at $30,000. Finally, Jessup Wealth Management Inc purchased a new stake in ASML during the fourth quarter worth $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,696.16 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $1,764.95 and a two-hundred day moving average of $1,592.80. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The company has a market cap of $667.07 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.62 billion during the quarter. As a group, analysts forecast that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio (DPR) is 22.62%.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Wells Fargo & Company upped their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,970.33.

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.