OceanIQ Capital LLC Buys Shares of 425 ASML Holding N.V. $ASML

OceanIQ Capital LLC purchased a new position in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 425 shares of the semiconductor company’s stock, valued at approximately $846,000. ASML accounts for 0.5% of OceanIQ Capital LLC’s holdings, making the stock its 29th largest position.

A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC increased its position in ASML by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,484,949 shares of the semiconductor company’s stock worth $4,798,268,000 after acquiring an additional 132,353 shares during the period. Van ECK Associates Corp boosted its holdings in ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after purchasing an additional 592,125 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after purchasing an additional 96,860 shares during the period. Bank of America Corp DE grew its position in ASML by 1.2% in the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in ASML by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,526,411 shares of the semiconductor company’s stock worth $1,633,046,000 after purchasing an additional 193,068 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Up 4.2%

Shares of ASML stock opened at $1,714.88 on Friday. ASML Holding N.V. has a 12-month low of $766.24 and a 12-month high of $1,999.96. The stock has a market capitalization of $674.43 billion, a P/E ratio of 53.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. The company has a 50-day simple moving average of $1,751.00 and a 200 day simple moving average of $1,600.83. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

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

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Friday, July 10th. Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

About ASML

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.