Norris Perne & French LLP MI Acquires New Position in ASML Holding (NASDAQ:ASML)

Norris Perne & French LLP MI acquired a new stake in ASML Holding (NASDAQ:ASML) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 218 shares of the semiconductor company’s stock, valued at approximately $212,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASML. International Assets Investment Management LLC increased its holdings in ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after buying an additional 245,488 shares during the period. Wellington Management Group LLP increased its holdings in ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after buying an additional 203,860 shares during the period. Kodai Capital Management LP acquired a new position in ASML in the 4th quarter worth approximately $150,318,000. Jennison Associates LLC grew its stake in shares of ASML by 15.3% during the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, Sands Capital Management LLC grew its stake in shares of ASML by 8.1% during the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after purchasing an additional 121,847 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 0.5 %

Shares of NASDAQ:ASML opened at $1,022.73 on Friday. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,077.22. The firm has a market capitalization of $403.56 billion, a price-to-earnings ratio of 52.23, a price-to-earnings-growth ratio of 2.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The business’s 50 day moving average price is $964.40 and its 200-day moving average price is $907.83.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, equities research analysts forecast that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.53%. ASML’s payout ratio is currently 32.53%.

Analyst Ratings Changes

A number of brokerages have recently commented on ASML. Evercore ISI began coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein dropped their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company raised their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,043.00.

ASML Company 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.