Primecap Management Co. CA Has $460.96 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Primecap Management Co. CA cut its stake in ASML Holding (NASDAQ:ASML) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553,209 shares of the semiconductor company’s stock after selling 19,300 shares during the period. Primecap Management Co. CA’s holdings in ASML were worth $460,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in ASML in the 3rd quarter valued at $25,000. Resources Management Corp CT ADV acquired a new position in ASML in the 2nd quarter valued at $26,000. Milestone Investment Advisors LLC acquired a new position in shares of ASML during the 3rd quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in shares of ASML during the 2nd quarter worth $31,000. Finally, First Community Trust NA acquired a new position in shares of ASML during the 2nd quarter worth $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Trading Down 0.6 %

NASDAQ ASML opened at $658.43 on Thursday. The business’s 50-day moving average price is $750.39 and its two-hundred day moving average price is $877.18. ASML Holding has a 12 month low of $645.45 and a 12 month high of $1,110.09. The firm has a market capitalization of $259.04 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The company had revenue of $8.21 billion for the quarter, compared to the consensus estimate of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, analysts expect that ASML Holding will post 20.77 EPS for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Tuesday, October 29th were paid a $1.407 dividend. This represents a $5.63 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, October 29th. ASML’s dividend payout ratio is 29.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ASML shares. Sanford C. Bernstein lowered their price target on ASML from $1,052.00 to $815.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Wells Fargo & Company lowered their price target on ASML from $1,000.00 to $790.00 and set an “overweight” rating for the company in a report on Thursday, October 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $970.60.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.