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Legacy Wealth Asset Management LLC Acquires 2,300 Shares of ASML Holding N.V. $ASML

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Key Points

  • Legacy Wealth Asset Management LLC significantly increased its stake in ASML Holding N.V. by acquiring 2,300 additional shares, marking a 202.3% boost in their holdings during the 2nd quarter.
  • ASML reported earnings per share of $6.41 for the quarter, exceeding expectations, while its revenue stood at $8.71 billion, slightly below analyst estimates.
  • The company declared a quarterly dividend of $1.857, reflecting a growth over the previous quarter's dividend, and representing an annual yield of 0.7%.
  • Five stocks we like better than ASML.

Legacy Wealth Asset Management LLC boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 202.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,437 shares of the semiconductor company's stock after acquiring an additional 2,300 shares during the period. ASML comprises about 0.7% of Legacy Wealth Asset Management LLC's portfolio, making the stock its 15th largest position. Legacy Wealth Asset Management LLC's holdings in ASML were worth $2,754,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of ASML by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company's stock valued at $254,000 after buying an additional 13 shares in the last quarter. Rossmore Private Capital boosted its holdings in shares of ASML by 0.3% in the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock valued at $2,880,000 after buying an additional 14 shares in the last quarter. Baring Financial LLC boosted its holdings in shares of ASML by 2.8% in the 2nd quarter. Baring Financial LLC now owns 510 shares of the semiconductor company's stock valued at $409,000 after buying an additional 14 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings 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 valued at $399,000 after buying an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its holdings 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 valued at $76,000 after buying an additional 15 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ASML has been the topic of a number of recent analyst reports. Sanford C. Bernstein restated a "neutral" rating on shares of ASML in a report on Friday. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. Barclays reaffirmed an "overweight" rating on shares of ASML in a research report on Tuesday, September 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ASML in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of ASML in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,051.60.

Check Out Our Latest Stock Report on ASML

ASML Price Performance

NASDAQ:ASML opened at $1,042.15 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a market cap of $409.86 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. The company has a 50 day moving average price of $870.70 and a 200-day moving average price of $778.13. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year 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 for the quarter, beating the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.28 EPS. Equities research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is an increase from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio is 25.56%.

About ASML

(Free Report)

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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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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