Hedeker Wealth LLC Makes New Investment in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Hedeker Wealth LLC has acquired a new stake in ASML Holding N.V., purchasing 2,788 shares valued at approximately $1,847,000.
• ASML's quarterly earnings report showed a miss in EPS at $4.55 compared to a consensus estimate of $5.94, although revenue was up 23.2% year-over-year.
• The company has increased its quarterly dividend to $1.856, representing a 1.04% yield and showcasing its commitment to returning value to shareholders.

Hedeker Wealth LLC acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,788 shares of the semiconductor company's stock, valued at approximately $1,847,000.

Several other institutional investors also recently bought and sold shares of ASML. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 1,398,805 shares during the last quarter. Edgewood Management LLC boosted its holdings in shares of ASML by 43.1% in the fourth quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after buying an additional 959,696 shares during the last quarter. Wellington Management Group LLP raised its stake in ASML by 53.4% during the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock worth $559,494,000 after acquiring an additional 281,156 shares during the period. First Manhattan CO. LLC. raised its stake in ASML by 59.4% during the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock worth $307,374,000 after acquiring an additional 163,945 shares during the period. Finally, Hyperion Asset Management Ltd raised its stake in ASML by 63.9% during the 4th quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock worth $206,456,000 after acquiring an additional 116,121 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 1.9%

NASDAQ ASML traded down $13.83 on Friday, hitting $711.25. 2,309,141 shares of the stock were exchanged, compared to its average volume of 2,229,190. 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 stock has a fifty day moving average price of $765.39 and a two-hundred day moving average price of $727.39. The firm has a market capitalization of $279.82 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.47 and a beta of 1.73. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion during 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%. The business's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.01 earnings per share. Research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be issued a $1.856 dividend. The ex-dividend date is Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a yield of 1.04%. ASML's payout ratio is currently 29.67%.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Jefferies Financial Group cut shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. DZ Bank cut shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday. Finally, Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average target price 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.