Cim LLC Grows Stake in ASML Holding (NASDAQ:ASML)

Cim LLC increased its position in ASML Holding (NASDAQ:ASML) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,403 shares of the semiconductor company’s stock after acquiring an additional 64 shares during the quarter. Cim LLC’s holdings in ASML were worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after purchasing an additional 870,010 shares during the period. Jennison Associates LLC raised its position in 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 acquiring an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new position in shares of ASML during the 1st quarter worth $542,710,000. GQG Partners LLC increased its stake in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML opened at $822.35 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $324.49 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.97 and a beta of 1.49. The business’s fifty day simple moving average is $851.46 and its 200-day simple moving average is $931.66. ASML Holding has a 12-month low of $567.57 and a 12-month high of $1,110.09.

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

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.91%. ASML’s payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ASML shares. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna boosted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.