ASML Holding (NASDAQ:ASML) Stock Position Lowered by BlackRock Inc.

BlackRock Inc. lessened its position in ASML Holding (NASDAQ:ASML) by 4.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,801,624 shares of the semiconductor company’s stock after selling 77,880 shares during the period. BlackRock Inc.’s holdings in ASML were worth $1,342,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. Toronto Dominion Bank raised its stake in shares of ASML by 27.5% in the 2nd quarter. Toronto Dominion Bank now owns 1,190 shares of the semiconductor company’s stock worth $822,000 after buying an additional 257 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of ASML by 7.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,788 shares of the semiconductor company’s stock worth $5,380,000 after purchasing an additional 557 shares during the period. Marks Group Wealth Management Inc acquired a new stake in shares of ASML during the second quarter worth $261,000. AGF Investments Inc. raised its position in shares of ASML by 24.0% during the second quarter. AGF Investments Inc. now owns 62,057 shares of the semiconductor company’s stock worth $42,871,000 after purchasing an additional 12,000 shares during the period. Finally, Cresset Asset Management LLC raised its position in shares of ASML by 3.1% during the second quarter. Cresset Asset Management LLC now owns 5,228 shares of the semiconductor company’s stock worth $3,612,000 after purchasing an additional 159 shares during the period. 18.33% of the stock is currently owned by institutional investors.

ASML has been the topic of a number of recent analyst reports. New Street Research lowered ASML from a “buy” rating to a “neutral” rating and set a $660.00 target price on the stock. in a research report on Tuesday, September 28th. Credit Suisse Group initiated coverage on ASML in a research report on Thursday. They set an “outperform” rating on the stock. Piper Sandler assumed coverage on ASML in a research report on Thursday, October 14th. They set an “overweight” rating on the stock. AlphaValue lowered ASML to a “reduce” rating in a research report on Thursday, October 21st. Finally, Zacks Investment Research lowered ASML from a “hold” rating to a “sell” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $815.71.

Shares of NASDAQ ASML opened at $744.53 on Friday. The business’s 50-day moving average price is $794.08 and its two-hundred day moving average price is $786.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.17. ASML Holding has a one year low of $501.11 and a one year high of $895.93. The company has a market capitalization of $305.09 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.09.

ASML (NASDAQ:ASML) last issued its earnings results on Tuesday, October 19th. The semiconductor company reported $5.02 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.35. ASML had a return on equity of 43.16% and a net margin of 30.52%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the company posted $2.96 earnings per share. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, equities analysts anticipate that ASML Holding will post 15.78 EPS for the current year.

The company also recently announced a semi-annual dividend, which was paid on Friday, November 12th. Shareholders of record on Wednesday, November 3rd were paid a $2.0938 dividend. The ex-dividend date of this dividend was Tuesday, November 2nd. This represents a yield of 0.4%. This is an increase from ASML’s previous semi-annual dividend of $1.89. ASML’s payout ratio is 22.45%.

ASML Profile

ASML Holding NV engages in the development, production, marketing, sale and servicing of advanced semiconductor equipment, consisting of lithography related systems. It mainly caters the makers of memory chips and logic chips. The company was founded on April 1, 1984 and is headquartered in Veldhoven, the Netherlands.

Further Reading: What Is an EV Stock?

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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