Lyell Wealth Management LP Increases Stake in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Lyell Wealth Management LP increased its stake in ASML Holding N.V. by 2.4% in the first quarter, owning 19,483 shares valued at approximately $12.91 million.
• ASML recently declared a quarterly dividend of $1.856 per share, representing an annualized dividend of $7.42 and a yield of 1.03%, up from the previous dividend of $1.64.
• Analysts have set a mixed outlook on ASML, with a current average rating of "Moderate Buy" and a price target averaging $923.80.

Lyell Wealth Management LP raised its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,483 shares of the semiconductor company's stock after acquiring an additional 459 shares during the quarter. ASML makes up approximately 1.2% of Lyell Wealth Management LP's investment portfolio, making the stock its 24th largest position. Lyell Wealth Management LP's holdings in ASML were worth $12,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ASML. Cordatus Wealth Management LLC boosted its holdings in shares of ASML by 5.6% during the 1st quarter. Cordatus Wealth Management LLC now owns 975 shares of the semiconductor company's stock worth $646,000 after buying an additional 52 shares in the last quarter. RVW Wealth LLC bought a new position in shares of ASML during the 1st quarter worth approximately $429,000. Davis R M Inc. boosted its holdings in shares of ASML by 2.4% during the 1st quarter. Davis R M Inc. now owns 53,532 shares of the semiconductor company's stock worth $35,472,000 after buying an additional 1,247 shares in the last quarter. Private Advisory Group LLC boosted its holdings in shares of ASML by 20.9% during the 1st quarter. Private Advisory Group LLC now owns 14,878 shares of the semiconductor company's stock worth $9,859,000 after buying an additional 2,567 shares in the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of ASML by 5.8% during the 1st quarter. Natixis Advisors LLC now owns 171,774 shares of the semiconductor company's stock worth $113,823,000 after buying an additional 9,375 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ASML. Wells Fargo & Company increased their price target on ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Erste Group Bank reiterated a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Barclays reiterated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Susquehanna cut their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued 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 target price of $923.80.

ASML Stock Performance

Shares of ASML stock traded down $26.74 during trading hours on Thursday, hitting $694.71. 2,882,588 shares of the company's stock traded hands, compared to its average volume of 2,405,936. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. The stock has a market capitalization of $273.31 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.46 and a beta of 1.73. The company has a fifty day simple moving average of $763.17 and a 200-day simple moving average of $726.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81.

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

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a $1.856 dividend. This is an increase from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.1%. ASML's payout ratio is 26.21%.

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.