18,946 Shares in ASML Holding N.V. $ASML Acquired by CORDA Investment Management LLC.

Key Points

• CORDA Investment Management LLC acquired 18,946 shares of ASML Holding N.V. in Q2, valued at approximately $15.2 million, indicating growing interest from institutional investors.
• ASML reported a quarterly earnings of $6.41 per share, surpassing analyst expectations, with a year-over-year revenue increase of 0.7%.
• The company announced a modest rise in its quarterly dividend to $1.857, reflecting a strong commitment to returning value to shareholders.

CORDA Investment Management LLC. bought a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,946 shares of the semiconductor company's stock, valued at approximately $15,183,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of ASML by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company's stock valued at $1,401,000 after purchasing an additional 119 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock worth $22,806,000 after buying an additional 763 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in ASML by 12.6% in the first quarter. Stonegate Investment Group LLC now owns 1,368 shares of the semiconductor company's stock valued at $907,000 after buying an additional 153 shares during the period. World Equity Group Inc. bought a new stake in ASML during the first quarter valued at $386,000. Finally, Nilsine Partners LLC grew its holdings in ASML by 2.6% during the 1st quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock worth $418,000 after acquiring an additional 16 shares during the period. Institutional investors own 26.07% of the company's stock.

ASML Stock Up 0.9%

Shares of NASDAQ:ASML opened at $1,029.27 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,059.00. The business's 50 day simple moving average is $864.28 and its two-hundred day simple moving average is $775.08. The firm has a market cap of $404.79 billion, a P/E ratio of 41.89, a PEG ratio of 1.70 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts' consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm earned $5.28 earnings per share. ASML's revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from ASML's previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Wednesday, October 29th. ASML's payout ratio is 25.56%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a research note on Monday, October 13th. Hsbc Global Res upgraded ASML to a "strong-buy" rating in a report on Monday, October 6th. Morningstar lowered ASML to a "hold" rating in a research note on Thursday, September 18th. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. Finally, Berenberg Bank reiterated a "buy" rating on shares of ASML in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,051.60.

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.

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