Legal Advantage Investments Inc. Acquires 578 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Legal Advantage Investments Inc. increased its stake in ASML Holding N.V. by 18.2%, owning a total of 3,750 shares valued at approximately $2,485,000.
• ASML recently declared a quarterly dividend of $1.856 per share, increasing from its previous dividend of $1.64, which results in an annualized payout of $7.42 and a yield of 1.0%.
• Analysts have mixed reviews on ASML, with a consensus rating of "Moderate Buy" and an average price target of $923.80.

Legal Advantage Investments Inc. lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,750 shares of the semiconductor company's stock after acquiring an additional 578 shares during the period. ASML accounts for about 1.3% of Legal Advantage Investments Inc.'s holdings, making the stock its 28th biggest position. Legal Advantage Investments Inc.'s holdings in ASML were worth $2,485,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Azimuth Capital Investment Management LLC grew its position in shares of ASML by 2.6% during the first quarter. Azimuth Capital Investment Management LLC now owns 12,538 shares of the semiconductor company's stock worth $8,308,000 after acquiring an additional 314 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in ASML in the 1st quarter valued at $2,448,000. Kovitz Investment Group Partners LLC grew its position in ASML by 130.5% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,727 shares of the semiconductor company's stock valued at $1,807,000 after buying an additional 1,544 shares during the last quarter. OneAscent Investment Solutions LLC purchased a new position in ASML in the 1st quarter valued at $553,000. Finally, Vestmark Advisory Solutions Inc. grew its position in ASML by 120.2% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 9,922 shares of the semiconductor company's stock valued at $6,575,000 after buying an additional 5,417 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. DZ Bank lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company raised their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Seven investment 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $923.80.

ASML Price Performance

Shares of NASDAQ:ASML traded down $13.05 during midday trading on Friday, hitting $742.16. 1,633,912 shares of the stock were exchanged, compared to its average volume of 1,967,466. The stock has a market cap of $291.98 billion, a P/E ratio of 30.97, a PEG ratio of 1.53 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05. The company has a 50 day moving average price of $757.89 and a 200-day moving average price of $725.48.

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

ASML Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.0%. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is 26.21%.

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.