Atria Investments Inc has decreased its stake in ASML Holding N.V. (NASDAQ: ASML) by 7.7%, according to its recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 12,175 shares of the semiconductor company as of the end of the second quarter, following the sale of 1,017 shares during this period. Atria’s holdings in ASML were valued at approximately $9.76 million at the close of this reporting cycle.
Several other institutional investors have also adjusted their positions in ASML. For instance, Princeton Global Asset Management LLC significantly increased its holdings by 153.8% during the second quarter, now owning 33 shares valued at around $26,000 after acquiring an additional 20 shares. Banque Cantonale Vaudoise purchased a new stake worth $27,000 in the first quarter, while Washington Trust Advisors Inc. raised its holdings by 129.4% in the same quarter, bringing its total to 39 shares valued at $31,000. Maseco LLP and Knuff & Co LLC also entered the fold, acquiring new positions worth $32,000 and $33,000 respectively. Currently, institutional investors and hedge funds collectively own 26.07% of ASML’s stock.
ASML Stock Overview and Performance
On Friday, ASML’s stock opened at $1,075.45. The company exhibits a quick ratio of 0.70, a current ratio of 1.31, and a debt-to-equity ratio of 0.14. With a market capitalization of $422.95 billion, ASML has a price-to-earnings ratio of 43.77 and a PEG ratio of 1.76. The stock has a beta of 1.87, indicating higher volatility compared to the market. Over the past year, ASML’s shares have fluctuated between a low of $578.51 and a high of $1,086.11.
Recently, ASML declared a quarterly dividend of $1.857 per share, to be paid on November 6, 2023. Shareholders on record as of October 29, 2023 will receive this dividend, marking an annualized payout of $7.43 and a yield of 0.7%. This dividend represents a slight increase from the previous quarterly payment of $1.86, with a payout ratio currently at 25.68%.
Analyst Ratings and Market Reception
ASML has attracted attention from various research analysts recently. Mizuho upgraded its rating from “neutral” to “outperform” on September 29, 2023. Sanford C. Bernstein maintained a “market perform” rating, while Berenberg Bank reiterated a “buy” rating on October 16, 2023. Conversely, Bank Degroof downgraded ASML to a “hold” rating on October 10, 2023. The Goldman Sachs Group reaffirmed its “buy” rating on the same date.
Currently, the consensus rating for ASML stands at “Moderate Buy,” with three analysts assigning a “Strong Buy” rating, sixteen giving a “Buy” rating, and six issuing a “Hold” rating. According to MarketBeat.com, ASML has an average price target of $1,051.60.
ASML Holding N.V. focuses on developing, producing, marketing, and servicing advanced semiconductor equipment systems for chipmakers. The company offers cutting-edge equipment systems, including lithography, metrology, and inspection solutions. It also provides extreme ultraviolet lithography systems and deep ultraviolet lithography systems, catering to a wide range of semiconductor nodes and technologies.
For those interested in the latest updates on ASML and similar companies, resources such as HoldingsChannel.com provide insights into recent 13F filings and insider trades.
