Banque Pictet & Cie SA Has $5.10 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Banque Pictet & Cie SA lifted its position in ASML Holding (NASDAQ:ASML) by 47.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,982 shares of the semiconductor company’s stock after buying an additional 1,612 shares during the quarter. Banque Pictet & Cie SA’s holdings in ASML were worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Salem Investment Counselors Inc. increased its position in ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after buying an additional 1,007 shares during the period. Beacon Pointe Advisors LLC increased its position in ASML by 22.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock worth $1,552,000 after acquiring an additional 371 shares during the period. Cetera Investment Advisers raised its stake in ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Truist Financial Corp boosted its holdings in ASML by 41.7% in the 4th quarter. Truist Financial Corp now owns 45,433 shares of the semiconductor company’s stock valued at $34,389,000 after purchasing an additional 13,362 shares during the period. Finally, Burford Brothers Inc. acquired a new stake in ASML in the 4th quarter worth $761,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ASML. Wells Fargo & Company upped their price objective 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. Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their target price 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. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of ASML stock opened at $907.26 on Friday. 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’s fifty day simple moving average is $961.67 and its 200 day simple moving average is $955.61. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09. The firm has a market cap of $357.99 billion, a price-to-earnings ratio of 46.34, a P/E/G ratio of 1.87 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.37 EPS. On average, analysts expect that ASML Holding will post 20.3 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. Stockholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.83%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

About ASML

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.