Spinnaker Trust Has $18.57 Million Holdings in ASML Holding N.V. $ASML

Spinnaker Trust increased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,332 shares of the semiconductor company’s stock after purchasing an additional 471 shares during the period. ASML comprises about 0.9% of Spinnaker Trust’s investment portfolio, making the stock its 28th largest position. Spinnaker Trust’s holdings in ASML were worth $18,566,000 at the end of the most recent reporting period.

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

ASML Trading Down 2.2%

ASML stock opened at $1,696.16 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a twelve month low of $716.20 and a twelve month high of $1,999.96. The company has a market cap of $667.07 billion, a P/E ratio of 52.77, a PEG ratio of 0.84 and a beta of 1.79. The business has a fifty day moving average of $1,764.95 and a 200-day moving average of $1,591.65.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm had revenue of $10.62 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, equities research analysts expect that ASML Holding N.V. will post 44.99 EPS for the current year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is 22.62%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ASML. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Morgan Stanley restated an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. Susquehanna reaffirmed a “positive” rating on shares of ASML in a report on Tuesday, June 30th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Berenberg Bank restated a “buy” rating on shares of ASML in a research report on Friday, May 8th. Four investment 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 assigned a Sell rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML 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.