Invesco Ltd. Increases Stock Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Invesco Ltd. increased its stake in ASML Holding N.V. by 101% during the first quarter, acquiring an additional 367,505 shares, bringing its total to 731,271 shares worth approximately $484.56 million.
• ASML's latest quarterly earnings report showed an EPS of $4.55, significantly missing the consensus estimate of $5.94, despite a revenue of $8.94 billion that surpassed expectations.
• The company recently raised its quarterly dividend from $1.64 to $1.856 per share, resulting in an annualized dividend yield of 1.0% and a payout ratio of 26.17%.

Invesco Ltd. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 101.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 731,271 shares of the semiconductor company's stock after buying an additional 367,505 shares during the period. Invesco Ltd. owned 0.19% of ASML worth $484,562,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after buying an additional 1,398,805 shares during the last quarter. Goldman Sachs Group Inc. raised its position in ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock worth $631,079,000 after purchasing an additional 199,740 shares during the period. First Manhattan CO. LLC. lifted its stake in ASML by 59.4% in the fourth quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock worth $307,374,000 after purchasing an additional 163,945 shares during the last quarter. Hyperion Asset Management Ltd boosted its position in ASML by 63.9% during the fourth quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock valued at $206,456,000 after buying an additional 116,121 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of ASML by 29.0% during the first quarter. Brown Advisory Inc. now owns 440,728 shares of the semiconductor company's stock valued at $292,040,000 after buying an additional 99,199 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ASML shares. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Susquehanna dropped their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. DZ Bank lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, Sanford C. Bernstein initiated coverage on shares of ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target for the company. Seven investment 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Up 1.9%

ASML traded up $13.92 on Wednesday, hitting $755.71. The company had a trading volume of 2,008,813 shares, compared to its average volume of 1,750,716. The stock has a market capitalization of $297.31 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 1.46 and a beta of 1.76. 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 $757.70 and a 200-day moving average price of $724.42. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were given a dividend of $1.856 per share. 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 payout ratio is presently 26.21%.

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.