Legacy Capital Group California Inc. Purchases New Shares in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Legacy Capital Group California Inc. acquired a new position in ASML Holding N.V., purchasing 919 shares valued at approximately $609,000 in the first quarter.
• A number of hedge funds, including Grantham Mayo Van Otterloo & Co. and Legal & General Group Plc, have significantly increased their stakes in ASML during the fourth quarter, indicating growing institutional interest.
• ASML recently announced a quarterly dividend of $1.856 per share, an increase from the previous dividend, which reflects a 1.1% dividend yield based on its annualized payout.

Legacy Capital Group California Inc. bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 919 shares of the semiconductor company's stock, valued at approximately $609,000.

Other large investors have also recently made changes to their positions in the company. Norinchukin Bank The raised its holdings in shares of ASML by 1.8% in the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after acquiring an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of ASML by 18.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 15 shares in the last quarter. Sage Mountain Advisors LLC lifted its position in shares of ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock worth $399,000 after purchasing an additional 15 shares during the period. Manchester Capital Management LLC lifted its position in shares of ASML by 15.2% in the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 15 shares during the period. Finally, Nilsine Partners LLC boosted its stake in shares of ASML by 2.6% during the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after purchasing an additional 16 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

Shares of ASML stock traded up $22.16 on Thursday, reaching $713.12. 1,721,976 shares of the stock were exchanged, compared to its average volume of 2,560,348. The business has a 50 day moving average price of $758.52 and a two-hundred day moving average price of $725.09. The firm has a market capitalization of $280.56 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.40 and a beta of 1.76. ASML Holding N.V. has a twelve month low of $578.51 and a twelve 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.

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

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. This represents a $7.42 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASML. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target on the stock. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Barclays reissued an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. Finally, Susquehanna lowered their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.