Bamco Inc. NY Sells 553 Shares of ASML Holding (NASDAQ:ASML)

Bamco Inc. NY trimmed its position in ASML Holding (NASDAQ:ASML) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,942 shares of the semiconductor company’s stock after selling 553 shares during the period. Bamco Inc. NY’s holdings in ASML were worth $51,379,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ASML. Jennison Associates LLC increased its position in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after buying an additional 572,996 shares during the last quarter. Fayez Sarofim & Co bought a new stake in ASML during the first quarter worth $542,710,000. GQG Partners LLC lifted its stake in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. International Assets Investment Management LLC lifted its stake in ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after purchasing an additional 245,488 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after acquiring an additional 243,850 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Susquehanna increased their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Evercore ISI began coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of ASML stock traded up $25.76 during trading hours on Friday, reaching $888.39. The company’s stock had a trading volume of 1,681,620 shares, compared to its average volume of 1,398,346. The firm has a 50 day moving average price of $1,003.90 and a 200-day moving average price of $946.40. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The stock has a market cap of $350.55 billion, a P/E ratio of 45.37, a P/E/G ratio of 1.88 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company earned $5.37 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, analysts predict that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be given a $1.8732 dividend. This represents a $7.49 annualized dividend and a yield of 0.84%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, July 29th. ASML’s payout ratio is 32.53%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.