Panagora Asset Management Inc. Purchases 1,311 Shares of ASML Holding (NASDAQ:ASML)

Panagora Asset Management Inc. grew its position in shares of ASML Holding (NASDAQ:ASML) by 29.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,797 shares of the semiconductor company’s stock after acquiring an additional 1,311 shares during the quarter. Panagora Asset Management Inc.’s holdings in ASML were worth $5,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASML. Jennison Associates LLC lifted 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 worth $1,668,386,000 after buying an additional 572,996 shares during the last quarter. Fayez Sarofim & Co bought a new stake in shares of ASML in the 1st quarter worth approximately $542,710,000. GQG Partners LLC boosted its stake in shares of 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 in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after purchasing an additional 243,850 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after purchasing an additional 203,860 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 1.8 %

Shares of NASDAQ ASML opened at $903.87 on Friday. The firm has a fifty day simple moving average of $948.13 and a two-hundred day simple moving average of $954.21. The firm has a market capitalization of $356.66 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.37 EPS. Equities analysts expect that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.83%. ASML’s dividend payout ratio is currently 28.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ASML. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna lifted their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Wells Fargo & Company raised their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML 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.