First Foundation Advisors Buys 1,952 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• First Foundation Advisors increased its stake in ASML Holding N.V. by 41.3% in Q1, acquiring an additional 1,952 shares for a total of 6,683 shares worth approximately $4.43 million.
• ASML's latest quarterly earnings showed an EPS of $4.55, missing estimates by $1.39, despite a 23.2% revenue increase year-over-year to $8.94 billion.
• The company has announced a dividend increase to $1.856 per share, reflecting a new annualized yield of 1.02% which is part of ASML's commitment to returning value to its shareholders.

First Foundation Advisors grew its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 41.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,683 shares of the semiconductor company's stock after acquiring an additional 1,952 shares during the period. First Foundation Advisors' holdings in ASML were worth $4,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ASML. Putney Financial Group LLC lifted its position in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 29 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in ASML during the first quarter valued at $27,000. Wayfinding Financial LLC acquired a new stake in ASML during the first quarter valued at $35,000. Pinnacle Bancorp Inc. acquired a new stake in shares of ASML in the first quarter valued at about $42,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of ASML in the first quarter valued at about $42,000. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Performance

Shares of ASML opened at $729.99 on Tuesday. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The company has a market cap of $287.19 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.44 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 firm has a fifty day moving average of $765.01 and a 200-day moving average of $727.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly 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 firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's revenue was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 EPS. As a group, equities analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a $1.856 dividend. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.02%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is presently 26.34%.

Analyst Ratings Changes

A number of research firms recently weighed in on ASML. Barclays restated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. DZ Bank cut shares of ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Susquehanna cut 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 report on Thursday, April 17th. Finally, Jefferies Financial Group cut shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.

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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