Carnegie Investment Counsel Grows Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Carnegie Investment Counsel has increased its holding in ASML by 34% during the first quarter, now owning 2,851 shares valued at approximately $1.76 million.
• ASML reported a quarterly earnings miss with earnings per share of $4.55, below analysts' expectations of $5.94, despite revenue rising to $8.94 billion.
• The company announced a new quarterly dividend of $1.856, an increase from the previous dividend, signifying a commitment to returning value to shareholders.

Carnegie Investment Counsel increased its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 34.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,851 shares of the semiconductor company's stock after buying an additional 723 shares during the period. Carnegie Investment Counsel's holdings in ASML were worth $1,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Putney Financial Group LLC boosted its holdings in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in ASML in the 1st quarter valued at $35,000. Pinnacle Bancorp Inc. bought a new position in ASML in the 1st quarter valued at $42,000. Olde Wealth Management LLC bought a new stake in shares of ASML during the 1st quarter worth $42,000. Finally, Alpine Bank Wealth Management bought a new stake in shares of ASML during the 1st quarter worth $43,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

ASML stock traded down $13.83 during trading on Friday, reaching $711.25. The company had a trading volume of 2,309,141 shares, compared to its average volume of 2,229,190. The firm has a 50-day simple moving average of $765.39 and a 200-day simple moving average of $727.27. The company has a market cap of $279.82 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.44 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 Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05.

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 business had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. During the same period last year, the company earned $4.01 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. As a group, sell-side analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current 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 dividend of $1.856 per share. This represents a $7.42 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, July 29th. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is 29.67%.

Wall Street Analyst Weigh In

ASML has been the topic of a number of analyst reports. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Wells Fargo & Company boosted their price objective on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Susquehanna dropped their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Finally, Erste Group Bank reiterated a "hold" rating on shares of ASML in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.