US Bancorp DE Grows Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• US Bancorp DE increased its stake in ASML Holding N.V. by 8.0%, holding a total of 49,156 shares valued at approximately $32.57 million.
• ASML reported an EPS of $4.55 for the last quarter, missing estimates but achieving a revenue of $8.94 billion, which surpassed expectations and showed a year-over-year increase of 23.2%.
• The company announced an increase in its quarterly dividend to $1.856, marking a boost from the previous amount and reflecting a 1.1% yield with a payout ratio of 26.21%.

US Bancorp DE increased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,156 shares of the semiconductor company's stock after buying an additional 3,635 shares during the period. US Bancorp DE's holdings in ASML were worth $32,573,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. OneAscent Financial Services LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $230,000. Westpac Banking Corp acquired a new position in shares of ASML in the 4th quarter worth approximately $203,000. World Investment Advisors acquired a new position in shares of ASML in the 4th quarter worth approximately $812,000. Arete Wealth Advisors LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $407,000. Finally, PAX Financial Group LLC acquired a new position in shares of ASML in the 4th quarter worth approximately $248,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the topic of a number of recent analyst reports. Erste Group Bank restated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target 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. DZ Bank downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Seven 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 stock. According to data from MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Up 0.3%

ASML stock traded up $2.15 during midday trading on Wednesday, reaching $691.78. 965,707 shares of the company's stock traded hands, compared to its average volume of 1,757,998. The company has a market cap of $272.16 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.42 and a beta of 1.76. The firm's fifty day moving average price is $760.31 and its 200-day moving average price is $725.63. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05.

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 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 business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 EPS. As a group, sell-side analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be given a dividend of $1.856 per share. The ex-dividend date is 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 1.1%. ASML's dividend payout ratio (DPR) is currently 26.21%.

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.