Dearborn Partners LLC Buys Shares of 679 ASML Holding N.V. $ASML

Key Points

• Dearborn Partners purchased 679 ASML shares in the second quarter, valued at approximately $897,000. Several other institutional investors also opened positions, with institutions and hedge funds collectively owning 26.07% of the company.
• Analyst sentiment remains broadly positive: ASML has a “Moderate Buy” consensus rating, with 21 Buy and four Strong Buy ratings, and an average price target of $1,970.33.
• ASML reported quarterly earnings of $8.65 per share on $10.64 billion in revenue, while its latest dividend equates to an annualized $8.60 per share and a 0.5% yield.

Dearborn Partners LLC purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 679 shares of the semiconductor company's stock, valued at approximately $897,000.

A number of other institutional investors also recently modified their holdings of the business. Capital Square LLC bought a new position in ASML in the second quarter valued at about $280,000. Elefante Mark B bought a new position in shares of ASML in the second quarter worth about $2,126,000. Ninepoint Partners LP bought a new position in shares of ASML in the second quarter worth about $466,000. Somerville Kurt F acquired a new stake in shares of ASML in the 2nd quarter valued at approximately $3,942,000. Finally, Puzo Michael J acquired a new stake in shares of ASML in the 2nd quarter valued at approximately $1,795,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 14th. Bank of America upped their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Wells Fargo & Company increased their price target on ASML from $2,200.00 to $2,500.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Barclays reissued an "overweight" rating on shares of ASML in a report on Thursday, July 16th. Finally, Morningstar lowered ASML to a "sell" rating in a research report on Wednesday, May 27th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, ASML currently has an average rating of "Moderate Buy" and an average target price of $1,970.33.

ASML Price Performance

ASML stock opened at $1,740.13 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a market cap of $684.36 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 0.88 and a beta of 1.79. The company's fifty day simple moving average is $1,777.15 and its 200 day simple moving average is $1,583.01. ASML Holding N.V. has a 12-month low of $716.20 and a 12-month high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML's dividend payout ratio (DPR) is 22.62%.

ASML Company Profile

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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