Silver Coast Investments LLC Takes Position in ASML Holding N.V. (NASDAQ:ASML)

Silver Coast Investments LLC bought a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 410 shares of the semiconductor company's stock, valued at approximately $272,000.

Other institutional investors also recently made changes to their positions in the company. Putney Financial Group LLC grew its holdings in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in ASML during the 1st quarter worth $27,000. Wayfinding Financial LLC acquired a new position in ASML during the 1st quarter worth $35,000. Pinnacle Bancorp Inc. acquired a new position in ASML during the 1st quarter worth $42,000. Finally, Olde Wealth Management LLC acquired a new position in ASML during the 1st quarter worth $42,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASML. DZ Bank lowered ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Wells Fargo & Company boosted their price target on ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. New Street Research upgraded ASML from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. Finally, Erste Group Bank restated a "hold" rating on shares of ASML in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Stock Performance

ASML opened at $689.82 on Monday. The company has a market capitalization of $271.39 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $945.05. The business has a 50 day moving average price of $762.32 and a two-hundred day moving average price of $726.28.

ASML (NASDAQ:ASML - Get Free Report) last announced 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 net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the company posted $4.01 EPS. ASML's revenue was up 23.2% on a year-over-year basis. Research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be given a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.1%. ASML's payout ratio is currently 26.21%.

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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