Ramsay Stattman Vela & Price Inc. Buys 3,121 Shares of ASML Holding N.V. $ASML

Key Points

• Ramsay Stattman Vela & Price Inc. increased its stake in ASML Holding N.V. by 343.7%, purchasing an additional 3,121 shares during the second quarter, bringing its total holdings to 4,029 shares valued at approximately $3.23 million.
• ASML's latest quarterly earnings showed an EPS of $6.41, exceeding expectations and reflecting a 27.08% net margin with a slight revenue increase of 0.7% year-over-year.
• The company announced a quarterly dividend of $1.857 per share, representing a boost from its previous dividend, and will be paid to investors of record on October 29th.

Ramsay Stattman Vela & Price Inc. raised its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 343.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,029 shares of the semiconductor company's stock after purchasing an additional 3,121 shares during the period. Ramsay Stattman Vela & Price Inc.'s holdings in ASML were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Focus Partners Advisor Solutions LLC raised its position in ASML by 18.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 1,477 shares of the semiconductor company's stock worth $1,184,000 after purchasing an additional 226 shares during the period. Leelyn Smith LLC purchased a new position in shares of ASML during the second quarter worth approximately $1,140,000. Washington Trust Advisors Inc. increased its position in shares of ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 22 shares during the period. AlTi Global Inc. increased its position in shares of ASML by 63.5% during the second quarter. AlTi Global Inc. now owns 1,731 shares of the semiconductor company's stock worth $1,387,000 after acquiring an additional 672 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in shares of ASML by 7.9% during the second quarter. 180 Wealth Advisors LLC now owns 1,293 shares of the semiconductor company's stock worth $1,036,000 after acquiring an additional 95 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML opened at $1,033.10 on Friday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00. The company has a 50 day moving average of $892.92 and a two-hundred day moving average of $787.36. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $406.30 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 1.71 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the firm posted $5.28 earnings per share. The business's revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. This is a boost from ASML's previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Wednesday, October 29th. ASML's dividend payout ratio is 25.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ASML. Arete Research upgraded shares of ASML to a "strong-buy" rating in a research note on Friday, September 12th. Hsbc Global Res upgraded shares of ASML to a "strong-buy" rating in a research note on Monday, October 6th. Barclays reiterated an "overweight" rating on shares of ASML in a research note on Tuesday, September 30th. Evercore ISI reiterated an "outperform" rating on shares of ASML in a research note on Thursday, October 16th. Finally, Bank Degroof downgraded shares of ASML to a "hold" rating in a research note on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,051.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.