Fox Run Management L.L.C. Purchases New Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Fox Run Management L.L.C. has acquired a new position in ASML Holding N.V. by purchasing 3,695 shares valued at approximately $2.45 million, making it the firm's 16th largest holding.
• ASML recently increased its quarterly dividend to $1.856 per share, up from $1.64, representing an annualized yield of 1.0%.
• Analyst ratings for ASML are generally positive, with a consensus target price of $923.80 and an average rating of "Moderate Buy" based on recent evaluations by seven analysts.

Fox Run Management L.L.C. purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,695 shares of the semiconductor company's stock, valued at approximately $2,448,000. ASML accounts for approximately 0.4% of Fox Run Management L.L.C.'s portfolio, making the stock its 16th largest position.

Other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its position in shares of ASML by 12.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock worth $266,000 after purchasing an additional 44 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of ASML by 12.7% in the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock valued at $5,571,000 after buying an additional 947 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of ASML by 1.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock valued at $2,304,000 after buying an additional 55 shares during the last quarter. Lyell Wealth Management LP boosted its holdings in shares of ASML by 2.4% in the 1st quarter. Lyell Wealth Management LP now owns 19,483 shares of the semiconductor company's stock valued at $12,910,000 after buying an additional 459 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ASML by 2.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after buying an additional 763 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on ASML shares. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Performance

ASML stock opened at $755.57 on Thursday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. 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 business's 50-day moving average price is $757.96 and its two-hundred day moving average price is $724.63. The stock has a market cap of $297.26 billion, a PE ratio of 31.53, a P/E/G ratio of 1.50 and a beta of 1.76.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were given a $1.856 dividend. This is a boost from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, July 29th. ASML's dividend payout ratio (DPR) is presently 26.17%.

ASML Company 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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