Asio Capital LLC Takes Position in ASML Holding (NASDAQ:ASML)

Asio Capital LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,647 shares of the semiconductor company’s stock, valued at approximately $3,039,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its position in ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the period. Jennison Associates LLC lifted its stake 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 valued at $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new stake in shares of ASML during the 1st quarter worth approximately $542,710,000. GQG Partners LLC boosted 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 worth $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake 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 valued at $238,784,000 after acquiring an additional 243,850 shares during the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Up 0.8 %

NASDAQ ASML opened at $840.69 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. ASML Holding has a fifty-two week low of $573.86 and a fifty-two week high of $1,110.09. The business has a 50 day moving average price of $844.97 and a two-hundred day moving average price of $924.59. The stock has a market cap of $330.74 billion, a PE ratio of 45.37, a P/E/G ratio of 2.08 and a beta of 1.48.

ASML (NASDAQ:ASML) last announced 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 business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.37 earnings per share. As a group, sell-side analysts predict that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business 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 represents a $7.49 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is 30.17%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ASML. Wells Fargo & Company reduced their target price on ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna cut their target price on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a research note on Friday. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, Berenberg Bank raised shares of ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Three 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,071.80.

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.