PNC Financial Services Group Inc. Boosts Stock Position in ASML Holding N.V. $ASML

PNC Financial Services Group Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 5.9% during the third quarter, HoldingsChannel.com reports. The firm owned 55,494 shares of the semiconductor company’s stock after acquiring an additional 3,093 shares during the quarter. PNC Financial Services Group Inc.’s holdings in ASML were worth $53,724,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Telos Capital Management Inc. raised its stake in 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 during the last quarter. Daymark Wealth Partners LLC grew its stake in ASML by 25.3% during the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock valued at $3,738,000 after purchasing an additional 941 shares during the last quarter. Regents of The University of California acquired a new position in shares of ASML in the third quarter valued at about $413,335,000. Transcendent Capital Group LLC purchased a new position in shares of ASML in the third quarter worth about $680,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of ASML by 34.5% during 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 during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Grupo Santander lowered shares of ASML to an “underperform” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday, January 29th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Wednesday, January 28th. Sanford C. Bernstein set a $1,911.00 price target on ASML in a research report on Thursday, January 29th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASML in a report on Friday, January 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Stock Down 0.0%

ASML opened at $1,406.61 on Tuesday. The company has a fifty day moving average of $1,251.53 and a two-hundred day moving average of $1,039.30. The stock has a market capitalization of $553.19 billion, a price-to-earnings ratio of 54.48, a PEG ratio of 1.60 and a beta of 1.89. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,493.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a $3.1771 dividend. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. ASML’s payout ratio is currently 25.10%.

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.