Central Pacific Bank Trust Division Has $4.29 Million Stake in ASML Holding N.V. $ASML

Central Pacific Bank Trust Division reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 18.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,158 shares of the semiconductor company’s stock after selling 484 shares during the quarter. Central Pacific Bank Trust Division’s holdings in ASML were worth $4,293,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new stake in ASML during the fourth quarter valued at $26,000. Binnacle Investments Inc raised its position in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV lifted its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in shares of ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of ASML during the 4th quarter valued at about $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML opened at $1,711.89 on Wednesday. ASML Holding N.V. has a one year low of $684.24 and a one year high of $1,999.96. The company has a market cap of $673.25 billion, a PE ratio of 53.26, a P/E/G ratio of 0.82 and a beta of 1.79. The stock has a 50-day moving average of $1,763.99 and a 200-day moving average of $1,545.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, equities research analysts predict that ASML Holding N.V. will post 44.68 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th will be given a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, July 28th. ASML’s dividend payout ratio is presently 22.62%.

Analysts Set New Price Targets

Several research firms recently commented on ASML. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Morningstar lowered ASML to a “sell” rating in a research note on Wednesday, May 27th. Bank of America increased their price target on ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company raised their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Sanford C. Bernstein lifted their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.