ICICI Prudential Asset Management Co Ltd Sells 1,394 Shares of ASML Holding N.V. $ASML

ICICI Prudential Asset Management Co Ltd lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 51.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,301 shares of the semiconductor company’s stock after selling 1,394 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in ASML were worth $1,259,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Wealth Management Group LLC grew its stake in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC grew its position in shares of ASML by 141.1% in the 1st quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after buying an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock valued at $936,000 after buying an additional 15 shares during the period. Finally, Stephens Inc. AR raised its position in shares of ASML by 6.2% during the second quarter. Stephens Inc. AR now owns 2,932 shares of the semiconductor company’s stock worth $2,350,000 after acquiring an additional 172 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Stock Down 0.7%

ASML stock opened at $1,458.93 on Friday. The stock’s 50 day simple moving average is $1,271.41 and its 200 day simple moving average is $1,050.27. The company has a market cap of $573.77 billion, a P/E ratio of 56.50, a price-to-earnings-growth ratio of 1.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,493.47.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a dividend of $3.1771 per share. The ex-dividend date is Monday, April 27th. This is a positive change from ASML’s previous quarterly dividend of $1.88. This represents a $12.71 annualized dividend and a yield of 0.9%. ASML’s dividend payout ratio is currently 25.10%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASML. Santander downgraded shares of ASML from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 22nd. Sanford C. Bernstein set a $1,911.00 price objective on shares of ASML in a research report on Thursday, January 29th. TD Cowen reissued a “buy” rating on shares of ASML in a research note on Wednesday, January 28th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Tuesday, January 20th. Finally, Rothschild & Co Redburn set a $1,200.00 price objective on ASML in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.