North Point Portfolio Managers Corp OH Grows Position in ASML Holding N.V. $ASML

Key Points

• North Point Portfolio Managers Corp OH increased its stake in ASML Holding N.V. by 18.0%, holding 20,063 shares valued at approximately $16.08 million at the end of the second quarter.
• ASML's quarterly earnings surpassed analysts' expectations, reporting $6.41 earnings per share against a forecast of $6.27, while also declaring a quarterly dividend increase to $1.857.
• Wall Street analysts maintain a "Moderate Buy" rating for ASML, with an average price target set at $1,051.60.

North Point Portfolio Managers Corp OH increased its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,063 shares of the semiconductor company's stock after purchasing an additional 3,054 shares during the period. ASML makes up 2.8% of North Point Portfolio Managers Corp OH's portfolio, making the stock its 14th largest holding. North Point Portfolio Managers Corp OH's holdings in ASML were worth $16,078,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ASML. Goldman Sachs Group Inc. increased its position in shares of ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company's stock worth $631,079,000 after acquiring an additional 199,740 shares during the period. Dimensional Fund Advisors LP grew its stake in ASML by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company's stock worth $600,175,000 after purchasing an additional 7,164 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company's stock worth $484,562,000 after buying an additional 367,505 shares during the period. Fayez Sarofim & Co lifted its holdings in shares of ASML by 2.7% in the 1st quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company's stock worth $470,910,000 after buying an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. increased its stake in shares of ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company's stock valued at $469,183,000 after buying an additional 268,172 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASML shares. New Street Research reaffirmed a "neutral" rating on shares of ASML in a research report on Monday, October 6th. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of ASML in a research report on Friday. Bank Degroof cut ASML to a "hold" rating in a research note on Friday, October 10th. Erste Group Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a report on Monday, September 22nd. Finally, Mizuho raised shares of ASML from a "neutral" rating to an "outperform" rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average price target of $1,051.60.

ASML Trading Up 0.9%

Shares of NASDAQ:ASML opened at $1,029.27 on Monday. The business's 50-day moving average is $864.28 and its 200 day moving average is $775.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,059.00. The firm has a market capitalization of $404.79 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.70 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping 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 business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the firm earned $5.28 earnings per share. The company's revenue was up .7% on a year-over-year basis. On average, research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be issued a $1.857 dividend. This is an increase from ASML's previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. ASML's dividend payout ratio is 25.56%.

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.

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