Mackenzie Financial Corp Trims Stock Position in ASML Holding (NASDAQ:ASML)

Mackenzie Financial Corp cut its position in ASML Holding (NASDAQ:ASML) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,638 shares of the semiconductor company’s stock after selling 2,846 shares during the quarter. Mackenzie Financial Corp’s holdings in ASML were worth $90,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in shares of ASML by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock valued at $3,760,348,000 after acquiring an additional 95,795 shares in the last quarter. Jennison Associates LLC increased its position in shares of ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. GQG Partners LLC lifted its position in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. Sands Capital Management LLC grew its stake in ASML by 8.1% in the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of ASML by 15.4% during the 2nd quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after buying an additional 170,992 shares in the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML opened at $841.54 on Friday. The firm has a market cap of $331.08 billion, a PE ratio of 42.98, a P/E/G ratio of 1.97 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The stock has a 50-day moving average price of $855.83 and a 200-day moving average price of $933.98.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the firm earned $5.37 EPS. The company’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.89%. ASML’s dividend payout ratio is presently 28.55%.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. JPMorgan Chase & Co. increased their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Profile

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.