Oak Grove Capital LLC Has $696,000 Stake in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Oak Grove Capital LLC increased its stake in ASML Holding N.V. by 75% in the first quarter, resulting in a total holding valued at $696,000.
• ASML reported quarterly earnings with a net margin of 26.95% and $8.94 billion in revenue, exceeding analyst estimates, although its EPS fell short of expectations.
• The company recently raised its quarterly dividend to $1.856 per share, reflecting a positive change from the previous dividend and representing an annualized yield of 1.0%.

Oak Grove Capital LLC raised its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 75.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,050 shares of the semiconductor company's stock after buying an additional 450 shares during the period. Oak Grove Capital LLC's holdings in ASML were worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Putney Financial Group LLC grew its stake in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of ASML during the first quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in shares of ASML during the first quarter valued at approximately $35,000. Pinnacle Bancorp Inc. bought a new stake in shares of ASML during the first quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC bought a new stake in shares of ASML during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Trading Down 0.0%

ASML opened at $755.21 on Friday. The firm's fifty day moving average is $758.10 and its two-hundred day moving average is $725.08. 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 firm has a market cap of $297.11 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.76. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS 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 analyst estimates of $8.72 billion. During the same quarter in the previous year, the business earned $4.01 earnings per share. The company's revenue was up 23.2% on a year-over-year basis. Equities research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were issued a dividend of $1.856 per share. The ex-dividend date was Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.0%. ASML's dividend payout ratio (DPR) is 26.21%.

Analysts Set New Price Targets

Several analysts have recently commented on ASML shares. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. DZ Bank cut shares of ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Sanford C. Bernstein began coverage on shares of ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $923.80.

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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