Trillium Asset Management LLC Acquires 3,940 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Trillium Asset Management LLC increased its stake in ASML Holding N.V. by 7.6%, owning 55,770 shares valued at approximately $36.96 million.
• ASML recently raised its quarterly dividend to $1.856 per share, reflecting a yield of 1.0% and an annualized payout of $7.42.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with an average target price of $923.80.

Trillium Asset Management LLC grew its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,770 shares of the semiconductor company's stock after buying an additional 3,940 shares during the quarter. ASML accounts for approximately 1.1% of Trillium Asset Management LLC's holdings, making the stock its 29th largest position. Trillium Asset Management LLC's holdings in ASML were worth $36,955,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Meridian Wealth Management LLC raised its position in ASML by 20.7% in the first quarter. Meridian Wealth Management LLC now owns 991 shares of the semiconductor company's stock worth $656,000 after acquiring an additional 170 shares during the period. Nuveen LLC bought a new position in ASML in the 1st quarter worth $1,376,000. First American Trust FSB purchased a new stake in ASML in the first quarter worth about $5,503,000. SouthState Corp raised its stake in shares of ASML by 206.1% in the first quarter. SouthState Corp now owns 300 shares of the semiconductor company's stock worth $199,000 after buying an additional 202 shares during the period. Finally, Strengthening Families & Communities LLC lifted its position in shares of ASML by 1,301.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 2,802 shares of the semiconductor company's stock valued at $1,864,000 after buying an additional 2,602 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

ASML stock traded down $0.36 during mid-day trading on Thursday, reaching $755.21. 1,539,502 shares of the company's stock traded hands, compared to its average volume of 1,749,123. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $757.96 and a two-hundred day moving average of $724.63. The company has a market cap of $297.12 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 1.50 and a beta of 1.76.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The business had revenue of $8.94 billion during 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 firm's revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 EPS. Equities analysts forecast that ASML Holding N.V. will post 25.17 earnings per share 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 issued a dividend of $1.856 per share. This represents a $7.42 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, July 29th. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's payout ratio is currently 26.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Wells Fargo & Company raised 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. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Barclays reaffirmed an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and an average price target of $923.80.

ASML Company 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.