ASML Holding (NASDAQ:ASML) Shares Acquired by ICICI Prudential Asset Management Co Ltd

ICICI Prudential Asset Management Co Ltd lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,230 shares of the semiconductor company’s stock after purchasing an additional 231 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in ASML were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ASML. Quantbot Technologies LP lifted its holdings in ASML by 18.2% in the first quarter. Quantbot Technologies LP now owns 468 shares of the semiconductor company’s stock valued at $454,000 after acquiring an additional 72 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in ASML by 70.2% in the first quarter. Russell Investments Group Ltd. now owns 29,021 shares of the semiconductor company’s stock valued at $28,164,000 after acquiring an additional 11,974 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in ASML by 7.9% in the first quarter. Avantax Advisory Services Inc. now owns 5,093 shares of the semiconductor company’s stock valued at $4,943,000 after acquiring an additional 371 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in ASML by 2.3% in the first quarter. William Blair Investment Management LLC now owns 7,886 shares of the semiconductor company’s stock valued at $7,653,000 after acquiring an additional 176 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in ASML by 350.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 20,270 shares of the semiconductor company’s stock valued at $19,671,000 after acquiring an additional 15,770 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company decreased their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $970.60.

ASML Stock Down 1.2 %

Shares of ASML stock traded down $8.25 during trading hours on Wednesday, reaching $660.93. 944,823 shares of the company were exchanged, compared to its average volume of 1,415,079. ASML Holding has a 1 year low of $654.77 and a 1 year high of $1,110.09. The stock’s fifty day moving average is $763.40 and its 200 day moving average is $886.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.55. The firm has a market cap of $260.02 billion, a PE ratio of 34.47, a PEG ratio of 1.94 and a beta of 1.51.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, topping analysts’ consensus estimates of $5.24 by $0.56. ASML had a return on equity of 47.61% and a net margin of 26.40%. The business had revenue of $8.21 billion for the quarter, compared to analyst estimates of $7.66 billion. As a group, equities research analysts forecast that ASML Holding will post 20.77 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were given a dividend of $1.407 per share. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is currently 29.21%.

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.