RD Finance Ltd Buys 545 Shares of ASML Holding N.V. $ASML

RD Finance Ltd purchased a new stake in ASML Holding N.V. (NASDAQ:ASML) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 545 shares of the semiconductor company’s stock, valued at approximately $987,000. ASML makes up about 0.9% of RD Finance Ltd’s holdings, making the stock its 20th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of ASML by 31.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock valued at $4,892,869,000 after acquiring an additional 592,125 shares during the last quarter. BlackRock Inc. raised its position in shares of ASML by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after acquiring an additional 59,888 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after acquiring an additional 96,860 shares in the last quarter. Bank of America Corp DE lifted its stake in ASML by 1.2% during the first quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after purchasing an additional 19,051 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in ASML by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock worth $1,364,963,000 after purchasing an additional 18,768 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ASML shares. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 15th. Susquehanna restated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Barclays restated an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. JPMorgan Chase & Co. lowered their target price on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $2,079.12.

ASML Stock Up 1.2%

ASML opened at $1,590.90 on Tuesday. ASML Holding N.V. has a one year low of $946.11 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a market capitalization of $613.16 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 0.66 and a beta of 1.77. The business’s 50-day simple moving average is $1,722.74 and its 200-day simple moving average is $1,586.27.

ASML (NASDAQ:ASML) last announced its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 earnings per share (EPS) for the quarter. The firm had revenue of $13.27 billion during the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Analysts anticipate that ASML Holding N.V. will post 46.03 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th will be given a dividend of $2.1077 per share. This represents a $8.43 annualized dividend and a yield of 0.5%. This is a negative change from ASML’s previous quarterly dividend of $2.1507. The ex-dividend date of this dividend is Tuesday, October 27th. ASML’s dividend payout ratio is presently 17.90%.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.