Fayez Sarofim & Co Grows Holdings in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Fayez Sarofim & Co increased its stake in ASML Holding N.V. by 2.7%, acquiring an additional 18,516 shares, bringing its total ownership to 710,668 shares valued at approximately $470.9 million.
• ASML recently reported quarterly earnings with an EPS of $4.55, missing estimates, while its revenue increased by 23.2% year-over-year, totaling $8.94 billion.
• The company also raised its quarterly dividend to $1.856 per share, reflecting a positive adjustment from the previous dividend of $1.64 and a yield of 1.1%.

Fayez Sarofim & Co boosted its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 710,668 shares of the semiconductor company's stock after purchasing an additional 18,516 shares during the period. ASML comprises approximately 1.2% of Fayez Sarofim & Co's portfolio, making the stock its 29th biggest holding. Fayez Sarofim & Co owned 0.18% of ASML worth $470,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ASML. Norinchukin Bank The lifted its position in shares of ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after acquiring an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in ASML by 18.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 15 shares during the period. Sage Mountain Advisors LLC grew its holdings in ASML by 2.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after buying an additional 15 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of ASML by 15.2% in the first quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company's stock worth $76,000 after buying an additional 15 shares in the last quarter. Finally, Nilsine Partners LLC lifted its holdings in shares of ASML by 2.6% in the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock worth $418,000 after buying an additional 16 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ASML has been the subject of several recent analyst reports. Susquehanna reduced their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of ASML in a research note on Monday, May 19th. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein started coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. 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 MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

Shares of ASML traded up $2.55 during mid-day trading on Friday, hitting $715.67. 167,128 shares of the company traded hands, compared to its average volume of 1,748,380. The stock has a market cap of $281.56 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 1.40 and a beta of 1.76. The stock has a 50-day moving average price of $758.52 and a two-hundred day moving average price of $725.09. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the firm earned $4.01 EPS. The business's revenue was up 23.2% on a year-over-year basis. Equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were issued a $1.856 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. ASML's payout ratio is 26.21%.

About ASML

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.