Easterly Investment Partners LLC Acquires 1,811 Shares of ASML Holding N.V. $ASML

Key Points

• Easterly Investment Partners LLC significantly increased its holdings in ASML Holding N.V. by 179.3% during the second quarter, acquiring an additional 1,811 shares to reach a total of 2,821 shares valued at approximately $2,261,000.
• ASML's recent quarterly earnings showed an earnings per share (EPS) of $6.41, exceeding estimates, even as revenue slightly fell short of analyst expectations.
• The company announced a quarterly dividend increase to $1.857, showcasing its commitment to returning value to shareholders, with the next payment scheduled for November 6th.

Easterly Investment Partners LLC increased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 179.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,821 shares of the semiconductor company's stock after purchasing an additional 1,811 shares during the period. Easterly Investment Partners LLC's holdings in ASML were worth $2,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASML. Putney Financial Group LLC raised its stake in shares of ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares during the last quarter. Maseco LLP purchased a new position in ASML in the second quarter valued at about $32,000. Banque Cantonale Vaudoise bought a new position in shares of ASML during the 1st quarter valued at approximately $27,000. Costello Asset Management INC lifted its stake in ASML by 147.1% in the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. Finally, PARK CIRCLE Co grew its holdings in ASML by 80.0% during the second quarter. PARK CIRCLE Co now owns 45 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 20 shares during the period. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley raised shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, September 22nd. Wells Fargo & Company boosted their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the company an "overweight" rating in a report on Thursday. Arete Research raised ASML to a "strong-buy" rating in a report on Friday, September 12th. Sanford C. Bernstein reiterated a "market perform" rating and set a $935.00 price objective on shares of ASML in a research note on Thursday, October 9th. Finally, Mizuho raised ASML from a "neutral" rating to an "outperform" rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, ASML has an average rating of "Moderate Buy" and a consensus target price of $1,051.60.

ASML Trading Up 1.0%

Shares of ASML stock opened at $1,019.59 on Friday. 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 firm has a market cap of $400.98 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87. The business has a 50-day moving average price of $858.14 and a two-hundred day moving average price of $770.80. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 49.41%. The company's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $5.28 earnings per share. Equities analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This is a boost from ASML's previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. ASML's payout ratio is 25.56%.

ASML 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.

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