Primecap Management Co. CA Lowers Position in ASML Holding (NASDAQ:ASML)

Primecap Management Co. CA decreased its position in shares of ASML Holding (NASDAQ:ASMLFree Report) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 579,179 shares of the semiconductor company’s stock after selling 15,100 shares during the period. Primecap Management Co. CA’s holdings in ASML were worth $438,392,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC increased its stake in shares of ASML by 11.5% during the third quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after purchasing an additional 881 shares in the last quarter. Savoie Capital LLC purchased a new position in ASML during the third quarter valued at $14,658,000. International Assets Investment Management LLC boosted its holdings in ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares in the last quarter. CenterBook Partners LP grew its stake in shares of ASML by 69.2% in the third quarter. CenterBook Partners LP now owns 11,529 shares of the semiconductor company’s stock worth $6,787,000 after acquiring an additional 4,716 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its holdings in shares of ASML by 219.0% during the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock valued at $2,195,000 after acquiring an additional 2,168 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ASML shares. HSBC began coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating on the stock. Evercore ISI assumed coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Susquehanna boosted their price objective on shares of ASML from $830.00 to $1,100.00 and gave the stock a “positive” rating in a report on Friday, January 26th. Raymond James increased their target price on ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Finally, Redburn Atlantic upgraded ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.00.

Check Out Our Latest Report on ASML

ASML Stock Performance

Shares of ASML stock traded up $21.97 on Friday, reaching $956.22. The stock had a trading volume of 684,915 shares, compared to its average volume of 1,154,918. The stock has a market cap of $377.31 billion, a P/E ratio of 48.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,056.34. The company has a 50 day simple moving average of $936.57 and a 200 day simple moving average of $847.80.

ASML (NASDAQ:ASMLGet Free Report) last announced its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Equities research analysts expect that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.56%. ASML’s dividend payout ratio is currently 32.53%.

ASML Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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