Leelyn Smith LLC Makes New $1.14 Million Investment in ASML Holding N.V. $ASML

Key Points

• Leelyn Smith LLC has made a new investment of $1.14 million in ASML Holding N.V., acquiring 1,422 shares during the second quarter.
• Multiple institutional investors have significantly increased their stakes in ASML, with T. Rowe Price acquiring $360 million worth of shares in the first quarter alone.
• ASML has announced a quarterly dividend of $1.857, representing an annualized yield of 0.7%, which will be paid on November 6, 2023.

Leelyn Smith LLC bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,422 shares of the semiconductor company's stock, valued at approximately $1,140,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ASML. T. Rowe Price Investment Management Inc. acquired a new stake in shares of ASML during the first quarter worth $360,262,000. Invesco Ltd. increased its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after acquiring an additional 367,505 shares during the period. Amundi increased its holdings in shares of ASML by 91.6% in the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company's stock worth $403,215,000 after acquiring an additional 307,214 shares during the period. First Manhattan CO. LLC. increased its holdings in shares of ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock worth $469,183,000 after acquiring an additional 268,172 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 199,740 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASML shares. Morgan Stanley raised shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, September 22nd. New Street Research reaffirmed a "neutral" rating on shares of ASML in a report on Monday, October 6th. Erste Group Bank raised shares of ASML from a "hold" rating to a "buy" rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of ASML in a research note on Thursday, October 16th. Finally, Berenberg Bank restated a "buy" rating on shares of ASML in a research report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,051.60.

ASML Price Performance

Shares of ASML opened at $1,033.10 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The firm has a market cap of $406.30 billion, a PE ratio of 42.05, a PEG ratio of 1.71 and a beta of 1.87. The firm's 50 day moving average price is $892.92 and its 200 day moving average price is $787.36. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. The firm had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company's revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.28 earnings per share. As a group, research analysts expect 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 will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is a boost from ASML's previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. ASML's dividend payout ratio is presently 25.56%.

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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