RedJay Asset Management Inc. Takes $5.21 Million Position in ASML Holding N.V. $ASML

Key Points

• RedJay Asset Management Inc. has taken a new position in ASML Holding N.V. worth approximately $5.21 million, acquiring 6,500 shares which now represent about 1.2% of its investment portfolio.
• ASML announced a quarterly dividend of $1.857 per share, with an annualized dividend yield of 0.7%, reflecting a positive change from its previous dividend payout.
• The semiconductor company's latest earnings report showed an EPS of $6.41, surpassing the consensus estimate by $0.14 and indicating a year-over-year revenue increase of 0.7%.

RedJay Asset Management Inc. purchased a new stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,500 shares of the semiconductor company's stock, valued at approximately $5,209,000. ASML accounts for about 1.2% of RedJay Asset Management Inc.'s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC grew its stake in shares of ASML by 97.6% in the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company's stock worth $101,978,000 after acquiring an additional 76,023 shares during the last quarter. Strategic Planning Group LLC grew its stake in shares of ASML by 12.5% in the second quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company's stock worth $5,251,000 after acquiring an additional 730 shares during the last quarter. Empowered Funds LLC grew its stake in shares of ASML by 5.0% in the first quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company's stock worth $7,241,000 after acquiring an additional 519 shares during the last quarter. Gunderson Capital Management Inc. acquired a new stake in ASML during the second quarter worth $1,702,000. Finally, Cidel Asset Management Inc. boosted its stake in ASML by 4,478.0% during the second quarter. Cidel Asset Management Inc. now owns 17,076 shares of the semiconductor company's stock worth $13,685,000 after buying an additional 16,703 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 0.3%

ASML traded down $3.31 during trading on Friday, hitting $1,033.10. The company's stock had a trading volume of 1,032,064 shares, compared to its average volume of 1,702,342. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00. The stock's fifty day moving average price is $892.92 and its 200-day moving average price is $787.36. The firm has a market capitalization of $406.30 billion, a P/E ratio of 42.05, a PEG ratio of 1.71 and a beta of 1.87.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the company posted $5.28 earnings per share. ASML's revenue was up .7% compared to the same quarter last year. Analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. ASML's dividend payout ratio is currently 25.56%.

Analyst Ratings Changes

ASML has been the topic of several recent analyst reports. HSBC restated a "buy" rating on shares of ASML in a research note on Friday, October 17th. Sanford C. Bernstein reiterated a "neutral" rating on shares of ASML in a research report on Friday, October 17th. UBS Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, October 15th. DZ Bank reissued a "neutral" rating on shares of ASML in a research note on Wednesday, October 15th. Finally, Susquehanna increased their price objective on shares of ASML from $965.00 to $1,150.00 and gave the company a "positive" rating in a research report on Friday, October 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.

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