Pinnacle Associates Ltd. Has $1.90 Million Stake in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Pinnacle Associates Ltd. increased its stake in ASML Holding N.V. by 34.5% during the first quarter, now owning 2,861 shares worth approximately $1.90 million.
• ASML recently announced a quarterly dividend increase from $1.64 to $1.856 per share, resulting in an annualized dividend yield of 1.04%.
• Despite a decline of 1.9% in share price, ASML's stock has shown significant growth with a 52-week high of $945.05 and revenue increase of 23.2% year-over-year.

Pinnacle Associates Ltd. grew its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 34.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,861 shares of the semiconductor company's stock after purchasing an additional 734 shares during the quarter. Pinnacle Associates Ltd.'s holdings in ASML were worth $1,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norinchukin Bank The grew its position in ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after buying an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in shares of ASML by 18.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 15 shares in the last quarter. Sage Mountain Advisors LLC boosted its holdings in shares of ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after purchasing an additional 15 shares in the last quarter. Nilsine Partners LLC boosted its holdings in shares of ASML by 2.6% in the 1st quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after purchasing an additional 16 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of ASML by 3.2% in the 1st quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company's stock valued at $342,000 after purchasing an additional 16 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 equities research analysts have weighed in on ASML shares. Susquehanna reduced 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. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Wells Fargo & Company raised their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Down 1.9%

Shares of ASML opened at $711.25 on Friday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05. The stock has a market capitalization of $279.82 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.44 and a beta of 1.73. 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 stock has a fifty day moving average of $765.39 and a 200-day moving average of $727.27.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results 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 net margin of 26.95% and a return on equity of 49.47%. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be given a dividend of $1.856 per share. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, July 29th. ASML's dividend payout ratio (DPR) is currently 29.67%.

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.

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