Equitable Trust Co. lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 104.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,279 shares of the semiconductor company's stock after acquiring an additional 5,246 shares during the quarter. Equitable Trust Co.'s holdings in ASML were worth $6,811,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in ASML by 70,115.5% during the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after buying an additional 1,398,805 shares during the last quarter. Edgewood Management LLC increased its position in ASML by 43.1% during the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock valued at $2,208,615,000 after purchasing an additional 959,696 shares during the period. Wellington Management Group LLP increased its position in ASML by 53.4% during the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock valued at $559,494,000 after purchasing an additional 281,156 shares during the period. First Manhattan CO. LLC. increased its position in ASML by 59.4% during the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock valued at $307,374,000 after purchasing an additional 163,945 shares during the period. Finally, Hyperion Asset Management Ltd increased its position in ASML by 63.9% during the 4th quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock valued at $206,456,000 after purchasing an additional 116,121 shares during the period. 26.07% of the stock is currently owned by institutional investors.
ASML Stock Down 1.9%
ASML stock traded down $13.83 during trading on Friday, hitting $711.25. 2,309,141 shares of the stock traded hands, compared to its average volume of 2,229,190. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The firm's 50 day moving average is $765.39 and its two-hundred day moving average is $727.39. The stock has a market cap of $279.82 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.
ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The company 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%. ASML's revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.01 EPS. On average, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.
ASML Increases Dividend
The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.04%. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 29.67%.
Analyst Upgrades and Downgrades
ASML has been the topic of a number of research analyst reports. Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Susquehanna reduced their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. DZ Bank downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Wells Fargo & Company upped their target price 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. Finally, New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $923.80.
Read Our Latest Stock Report on ASML
ASML Profile
(
Free Report)
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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