Moors & Cabot Inc. Acquires 1,883 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Moors & Cabot Inc. increased its stake in ASML Holding N.V. by 164.5%, holding a total of 3,028 shares valued at approximately $2,006,000 after purchasing an additional 1,883 shares.
• ASML recently reported earnings of $4.55 EPS but missed the consensus estimate of $5.94 EPS, despite revenue of $8.94 billion exceeding analyst expectations.
• The company announced an increase in its quarterly dividend from $1.64 to $1.856, with a payout ratio of 26.21%, reflecting ongoing financial strength.

Moors & Cabot Inc. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 164.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,028 shares of the semiconductor company's stock after purchasing an additional 1,883 shares during the period. Moors & Cabot Inc.'s holdings in ASML were worth $2,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Putney Financial Group LLC increased its stake in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of ASML during the 1st quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new position in shares of ASML during the 1st quarter valued at approximately $35,000. Pinnacle Bancorp Inc. bought a new position in shares of ASML during the 1st quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC bought a new position in shares of ASML during the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Price Performance

Shares of NASDAQ ASML traded down $4.89 during midday trading on Friday, reaching $689.82. The stock had a trading volume of 1,621,502 shares, compared to its average volume of 2,505,007. The stock has a 50-day moving average of $762.32 and a 200-day moving average of $726.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a market capitalization of $271.39 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.77. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter in the prior year, the company posted $4.01 EPS. ASML's revenue was up 23.2% compared to the same quarter last year. As a group, research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ASML shares. Erste Group Bank reissued a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Sanford C. Bernstein initiated coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Finally, Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Seven equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.

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.