ASML Holding N.V. $ASML Shares Sold by Jennison Associates LLC

Jennison Associates LLC trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 19.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 92,700 shares of the semiconductor company’s stock after selling 22,853 shares during the period. Jennison Associates LLC’s holdings in ASML were worth $184,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ASML. Cornerstone Financial Management LLC purchased a new stake in ASML during the fourth quarter worth $26,000. Portus Wealth Advisors LLC purchased a new position in ASML in the first quarter valued at $32,000. Resources Management Corp CT ADV increased its holdings in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML in the fourth quarter worth about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,844.45 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The business’s 50 day moving average price is $1,781.65 and its 200-day moving average price is $1,567.15. The firm has a market capitalization of $725.39 billion, a PE ratio of 57.39, a P/E/G ratio of 0.92 and a beta of 1.79. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion during the quarter. As a group, equities research analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. 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 is presently 22.62%.

Wall Street Analyst Weigh In

ASML has been the topic of several recent analyst reports. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Finally, Argus set a $2,100.00 price objective on ASML in a report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.