Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $40.05 Million Stake in ASML Holding N.V. $ASML

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in ASML Holding N.V. by 9.5%, totaling approximately $40.05 million in holdings.
• ASML reported earnings of $6.41 EPS for the last quarter, exceeding analysts' expectations, with revenue reaching $8.71 billion.
• The company declared a quarterly dividend of $1.857, representing a 0.7% yield and an increase from the previous dividend.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 9.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,981 shares of the semiconductor company's stock after buying an additional 4,338 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in ASML were worth $40,054,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC grew its position in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company's stock worth $26,000 after buying an additional 20 shares in the last quarter. Maseco LLP acquired a new stake in ASML during the second quarter worth approximately $32,000. Banque Cantonale Vaudoise acquired a new stake in ASML during the first quarter worth approximately $27,000. Costello Asset Management INC lifted its stake in ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 25 shares during the last quarter. Finally, PARK CIRCLE Co boosted its holdings in shares of ASML by 80.0% in the 2nd quarter. PARK CIRCLE Co now owns 45 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASML. Mizuho raised ASML from a "neutral" rating to an "outperform" rating in a report on Monday, September 29th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, October 13th. Bank Degroof downgraded ASML to a "hold" rating in a report on Friday, October 10th. Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Thursday, October 16th. Finally, DZ Bank reaffirmed a "neutral" rating on shares of ASML in a report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, ASML has an average rating of "Moderate Buy" and an average target price of $1,051.60.

ASML Stock Down 1.3%

Shares of ASML opened at $1,011.57 on Thursday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,059.00. The stock has a market capitalization of $397.83 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 1.69 and a beta of 1.87. 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 stock has a fifty day moving average of $881.48 and a 200-day moving average of $781.44.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts' consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.99 billion. During the same period in the prior year, the company earned $5.28 EPS. ASML's revenue was up .7% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio is currently 25.56%.

ASML Company 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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