Nissay Asset Management Corp Japan Acquires 12,912 Shares of ASML Holding N.V. $ASML

Nissay Asset Management Corp Japan grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 52.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 37,642 shares of the semiconductor company’s stock after acquiring an additional 12,912 shares during the period. Nissay Asset Management Corp Japan’s holdings in ASML were worth $74,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in ASML by 195.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,544,705 shares of the semiconductor company’s stock worth $1,652,618,000 after acquiring an additional 1,022,532 shares in the last quarter. Sei Investments Co. increased its holdings in shares of ASML by 223.7% during the first quarter. Sei Investments Co. now owns 287,225 shares of the semiconductor company’s stock valued at $379,368,000 after acquiring an additional 198,505 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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. Invesco Ltd. raised its position in shares of ASML by 21.3% in the 3rd quarter. Invesco Ltd. now owns 849,602 shares of the semiconductor company’s stock worth $822,492,000 after purchasing an additional 148,948 shares during the last quarter. Finally, Sands Capital Management LLC boosted its stake in ASML by 26.6% in the 4th quarter. Sands Capital Management LLC now owns 669,985 shares of the semiconductor company’s stock worth $716,790,000 after purchasing an additional 140,821 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ASML. Wall Street Zen downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Wells Fargo & Company upped their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Sanford C. Bernstein increased their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Royal Bank Of Canada raised their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,696.16 on Friday. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The business has a 50-day simple moving average of $1,764.95 and a two-hundred day simple moving average of $1,591.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market cap of $667.07 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 0.86 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The firm had revenue of $10.62 billion for the quarter. On average, analysts expect that ASML Holding N.V. will post 44.92 earnings per share for the current year.

ASML Cuts Dividend

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

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.