BTC Capital Management Inc. Reduces Stock Holdings in ASML Holding (NASDAQ:ASML)

BTC Capital Management Inc. reduced its holdings in ASML Holding (NASDAQ:ASML) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,878 shares of the semiconductor company’s stock after selling 53 shares during the period. BTC Capital Management Inc.’s holdings in ASML were worth $1,368,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ASML. Price T Rowe Associates Inc. MD boosted its holdings in ASML by 9.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,087,054 shares of the semiconductor company’s stock worth $4,965,167,000 after buying an additional 809,708 shares in the last quarter. Bank of America Corp DE boosted its holdings in ASML by 6.0% during the first quarter. Bank of America Corp DE now owns 1,484,196 shares of the semiconductor company’s stock worth $1,010,307,000 after buying an additional 83,577 shares in the last quarter. Jennison Associates LLC boosted its holdings in ASML by 6.1% during the first quarter. Jennison Associates LLC now owns 1,374,377 shares of the semiconductor company’s stock worth $935,552,000 after buying an additional 79,487 shares in the last quarter. Franklin Resources Inc. boosted its holdings in ASML by 3.5% during the first quarter. Franklin Resources Inc. now owns 1,284,000 shares of the semiconductor company’s stock worth $874,032,000 after buying an additional 43,493 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in ASML by 364.6% during the first quarter. Envestnet Asset Management Inc. now owns 1,270,364 shares of the semiconductor company’s stock worth $195,650,000 after buying an additional 996,949 shares in the last quarter. 18.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. StockNews.com downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Wolfe Research initiated coverage on shares of ASML in a report on Thursday, September 14th. They set an “outperform” rating on the stock. Sanford C. Bernstein downgraded shares of ASML from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $810.00 to $785.00 in a report on Friday, July 28th. Wells Fargo & Company increased their price objective on shares of ASML from $775.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, July 20th. Finally, New Street Research downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Friday, June 16th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $730.18.

ASML Price Performance

Shares of ASML opened at $597.73 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.34 and a quick ratio of 0.88. ASML Holding has a 1-year low of $363.15 and a 1-year high of $771.98. The firm has a 50-day simple moving average of $676.11 and a two-hundred day simple moving average of $673.28. The stock has a market cap of $235.86 billion, a PE ratio of 30.34, a P/E/G ratio of 1.00 and a beta of 1.45.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $5.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.39. ASML had a net margin of 28.67% and a return on equity of 79.17%. The company had revenue of $7.51 billion for the quarter. As a group, analysts forecast that ASML Holding will post 21.63 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Wednesday, August 2nd were issued a $1.6281 dividend. This represents a $6.51 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from ASML’s previous quarterly dividend of $1.27. The ex-dividend date was Tuesday, August 1st. ASML’s payout ratio is presently 13.76%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company 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.