American Money Management LLC Boosts Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• American Money Management LLC increased its stake in ASML by 9.6%, acquiring an additional 751 shares, bringing its total holdings to 8,557 shares valued at approximately $5.67 million.
• ASML's stock is currently trading at $755.57 and has a market cap of $297.26 billion, with a PE ratio of 31.53.
• ASML recently announced an increased quarterly dividend of $1.856 per share, up from the previous $1.64, reflecting a 1.0% yield.

American Money Management LLC raised its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,557 shares of the semiconductor company's stock after buying an additional 751 shares during the period. American Money Management LLC's holdings in ASML were worth $5,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Putney Financial Group LLC raised its holdings in ASML by 322.2% during the 1st 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 last quarter. Banque Cantonale Vaudoise bought a new position in ASML during the 1st quarter worth approximately $27,000. Wayfinding Financial LLC bought a new position in ASML during the 1st quarter worth approximately $35,000. Pinnacle Bancorp Inc. bought a new position in ASML during the 1st quarter worth approximately $42,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of ASML during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Stock Down 1.7%

ASML traded down $13.05 during mid-day trading on Friday, reaching $742.16. 1,633,912 shares of the stock were exchanged, compared to its average volume of 1,748,925. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a 50 day moving average price of $758.10 and a two-hundred day moving average price of $725.08. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The stock has a market capitalization of $291.98 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.53 and a beta of 1.76.

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

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were given a dividend of $1.856 per share. The ex-dividend date was Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 1.0%. ASML's dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Susquehanna reduced 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. Finally, DZ Bank downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $923.80.

ASML 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.