LGT Group Foundation Has $5.17 Million Stock Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• LGT Group Foundation significantly increased its stake in ASML Holding N.V. by 1,571.3% during the first quarter, acquiring a total of 7,805 shares valued at approximately $5.17 million.
• ASML reported a quarterly earnings miss with earnings per share of $4.55, falling short of the expected $5.94, but achieved a 23.2% year-over-year revenue increase.
• The company recently declared an increased quarterly dividend of $1.856, up from the previous dividend of $1.64, reflecting a 1.0% yield with a payout ratio of 26.21%.

LGT Group Foundation increased its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 1,571.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,805 shares of the semiconductor company's stock after buying an additional 7,338 shares during the period. LGT Group Foundation's holdings in ASML were worth $5,172,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossmore Private Capital boosted its holdings in shares of ASML by 0.3% during the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company's stock valued at $2,880,000 after acquiring an additional 14 shares during the period. Norinchukin Bank The raised its position in ASML by 1.8% in the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after acquiring an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in ASML by 18.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock worth $67,000 after acquiring an additional 15 shares in the last quarter. Sage Mountain Advisors LLC raised its position in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock worth $399,000 after acquiring an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in ASML by 15.2% during the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company's stock worth $76,000 after buying an additional 15 shares during the period. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

ASML has been the topic of several recent analyst reports. Erste Group Bank restated a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Citigroup reissued a "buy" rating on shares of ASML in a research note on Monday, May 19th. DZ Bank downgraded ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company increased their price objective on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Performance

ASML stock traded down $0.36 during midday trading on Thursday, hitting $755.21. The stock had a trading volume of 1,558,673 shares, compared to its average volume of 1,749,524. The firm has a market capitalization of $297.12 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 1.50 and a beta of 1.76. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05. The stock has a 50-day simple moving average of $757.96 and a 200 day simple moving average of $724.63. 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 (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 analysts' consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The firm's revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.01 earnings per share. As a group, equities research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were paid a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date was Tuesday, July 29th. ASML's dividend payout ratio is 26.17%.

About ASML

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.