E Fund Management Hong Kong Co. Ltd. Acquires 540 Shares of ASML Holding N.V. $ASML

E Fund Management Hong Kong Co. Ltd. lifted its stake in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 1,862.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569 shares of the semiconductor company’s stock after acquiring an additional 540 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in ASML were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ASML. Princeton Global Asset Management LLC boosted its stake in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 20 shares during the period. City Holding Co. bought a new position in shares of ASML in the third quarter valued at approximately $26,000. Binnacle Investments Inc grew its stake in ASML by 78.9% during the second 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. Pin Oak Investment Advisors Inc. bought a new stake in ASML during the 2nd quarter worth approximately $30,000. Finally, Washington Trust Advisors Inc. lifted its stake in ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,242.19 on Wednesday. The stock’s 50-day moving average is $1,065.26 and its 200 day moving average is $917.00. The stock has a market cap of $488.53 billion, a price-to-earnings ratio of 50.56, a P/E/G ratio of 1.83 and a beta of 1.86. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,246.38. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASMLGet Free Report) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.ASML’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.28 earnings per share. On average, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were given a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, October 29th. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is 25.80%.

Trending Headlines about ASML

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ASML shares. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Cantor Fitzgerald restated an “overweight” rating on shares of ASML in a research note on Tuesday, December 16th. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Barclays reissued a “neutral” rating on shares of ASML in a report on Wednesday, December 17th. Finally, Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,270.67.

Check Out Our Latest Stock Report on ASML

ASML Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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