ASML Holding (NASDAQ:ASML) Holdings Raised by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 51.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,363 shares of the semiconductor company’s stock after purchasing an additional 2,857 shares during the quarter. NewEdge Advisors LLC’s holdings in ASML were worth $8,552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC raised its stake in shares of ASML by 2.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock valued at $3,760,348,000 after purchasing an additional 95,795 shares in the last quarter. Jennison Associates LLC raised its stake in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after purchasing an additional 572,996 shares in the last quarter. GQG Partners LLC raised its stake in shares of 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 in the last quarter. Van ECK Associates Corp raised its position in ASML by 15.4% in the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after acquiring an additional 170,992 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in ASML by 18.9% in the first quarter. Janus Henderson Group PLC now owns 1,220,210 shares of the semiconductor company’s stock worth $1,184,173,000 after acquiring an additional 194,357 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ASML shares. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna boosted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. boosted their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Trading Down 1.0 %

NASDAQ:ASML opened at $833.25 on Tuesday. 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 fifty-two week low of $567.57 and a fifty-two week high of $1,110.09. The stock’s 50-day moving average is $853.67 and its two-hundred day moving average is $932.49. The stock has a market cap of $328.79 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.37 EPS. As a group, equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $1.8732 dividend. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. ASML’s payout ratio is presently 28.50%.

ASML Company 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.