Primecap Management Co. CA Has $585.52 Million Position in ASML Holding (NASDAQ:ASML)

Primecap Management Co. CA lowered its holdings in ASML Holding (NASDAQ:ASML) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 572,509 shares of the semiconductor company’s stock after selling 3,562 shares during the quarter. Primecap Management Co. CA’s holdings in ASML were worth $585,522,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Fisher Asset Management LLC grew its position in ASML by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock valued at $3,760,348,000 after purchasing an additional 95,795 shares during the period. Jennison Associates LLC grew its position in ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. GQG Partners LLC grew its position in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the period. Sands Capital Management LLC grew its position in ASML by 8.1% in the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after purchasing an additional 121,847 shares during the period. Finally, Van ECK Associates Corp grew its position in ASML by 15.4% in the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after purchasing an additional 170,992 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Down 1.6 %

Shares of NASDAQ ASML opened at $803.04 on Tuesday. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $316.87 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 1.96 and a beta of 1.49. The business has a 50-day moving average of $892.70 and a 200-day moving average of $944.45.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the prior year, the firm earned $5.37 earnings per share. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.93%. ASML’s dividend payout ratio is 28.50%.

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.