ASML Holding N.V. (NASDAQ:ASML) Stock Position Lifted by Davis R M Inc.

Key Points

• Davis R M Inc. increased its holdings in ASML Holding N.V. by 2.4% in the first quarter, owning 53,532 shares valued at $35.47 million.
• ASML's recent earnings report showed an EPS of $4.55, missing estimates, though revenue was up 23.2% year-over-year at $8.94 billion.
• The company declared a quarterly dividend of $1.856 per share, representing an increase from the previous dividend and resulting in a yield of 1.03%.

Davis R M Inc. lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,532 shares of the semiconductor company's stock after buying an additional 1,247 shares during the quarter. Davis R M Inc.'s holdings in ASML were worth $35,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ASML. Arrowstreet Capital Limited Partnership boosted its stake in shares of ASML by 1,683.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,590 shares of the semiconductor company's stock valued at $26,746,000 after buying an additional 36,426 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of ASML by 120.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 201 shares of the semiconductor company's stock valued at $139,000 after buying an additional 110 shares in the last quarter. Summit Financial LLC raised its holdings in ASML by 93.6% during the fourth quarter. Summit Financial LLC now owns 2,772 shares of the semiconductor company's stock worth $1,921,000 after purchasing an additional 1,340 shares during the last quarter. Scholtz & Company LLC raised its holdings in ASML by 1.6% during the fourth quarter. Scholtz & Company LLC now owns 2,509 shares of the semiconductor company's stock worth $1,739,000 after purchasing an additional 39 shares during the last quarter. Finally, Cynosure Group LLC acquired a new position in ASML during the fourth quarter worth $1,759,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Down 3.7%

ASML stock traded down $26.74 during trading on Thursday, hitting $694.71. The company's stock had a trading volume of 2,882,588 shares, compared to its average volume of 2,405,936. The stock has a market capitalization of $273.31 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.46 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. The stock's fifty day moving average is $763.17 and its 200 day moving average is $726.77. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year 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 the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The business's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.01 earnings per share. As a group, equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, July 29th. ASML's payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ASML. DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target for the company. New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company upped their price objective on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.