AM Investment Strategies LLC Makes New $2.93 Million Investment in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• AM Investment Strategies LLC has acquired 4,418 shares of ASML Holding N.V., valued at approximately $2,927,000, making it the fund's 25th biggest holding.
• Various hedge funds significantly increased their positions in ASML, with GAMMA Investing LLC increasing its stake by an astonishing 70,115.5% in the first quarter.
• ASML recently announced a quarterly dividend increase to $1.856 per share, representing a 1.02% dividend yield and a payout ratio of 29.67%.

AM Investment Strategies LLC bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,418 shares of the semiconductor company's stock, valued at approximately $2,927,000. ASML makes up approximately 0.7% of AM Investment Strategies LLC's investment portfolio, making the stock its 25th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Putney Financial Group LLC grew its holdings in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in ASML during the first quarter worth about $35,000. Pinnacle Bancorp Inc. acquired a new stake in ASML during the first quarter worth approximately $42,000. Olde Wealth Management LLC acquired a new stake in ASML during the first quarter worth approximately $42,000. Finally, Alpine Bank Wealth Management acquired a new stake in ASML during the first quarter worth approximately $43,000. Institutional investors own 26.07% of the company's stock.

ASML Stock Down 1.9%

Shares of NASDAQ ASML traded down $13.83 during trading on Friday, hitting $711.25. 2,309,141 shares of the company traded hands, compared to its average volume of 2,229,190. The business's fifty day moving average is $765.39 and its 200 day moving average is $727.39. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The firm has a market capitalization of $279.82 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 1.47 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The company's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.01 EPS. Equities research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 29.67%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. New Street Research upgraded shares of ASML from a "neutral" rating to a "buy" rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. DZ Bank downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

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.