Scotia Capital Inc. Has $48.01 Million Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Scotia Capital Inc. lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 72,459 shares of the semiconductor company's stock after buying an additional 6,793 shares during the quarter. Scotia Capital Inc.'s holdings in ASML were worth $48,014,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. OneAscent Financial Services LLC acquired a new stake in ASML in the 4th quarter worth about $230,000. Westpac Banking Corp acquired a new stake in ASML in the 4th quarter worth about $203,000. World Investment Advisors acquired a new stake in ASML in the 4th quarter worth about $812,000. Arete Wealth Advisors LLC acquired a new stake in ASML in the 4th quarter worth about $407,000. Finally, PAX Financial Group LLC acquired a new stake in ASML in the 4th quarter worth about $248,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Erste Group Bank reissued a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Trading Down 0.7%

Shares of ASML stock opened at $689.82 on Friday. The firm has a market capitalization of $271.39 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.77. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The firm's 50 day moving average is $762.32 and its 200 day moving average is $726.45. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 earnings per share. Equities research analysts forecast 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 Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.1%. ASML's payout ratio is presently 26.21%.

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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