Moors & Cabot Inc. Acquires 102 Shares of ASML Holding (NASDAQ:ASML)

Moors & Cabot Inc. raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,119 shares of the semiconductor company’s stock after acquiring an additional 102 shares during the period. Moors & Cabot Inc.’s holdings in ASML were worth $1,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ASML. Jennison Associates LLC grew its holdings in shares of ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares during the period. Fayez Sarofim & Co acquired a new position in shares of ASML during the 1st quarter worth about $542,710,000. GQG Partners LLC boosted its stake in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after buying an additional 294,784 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after purchasing an additional 243,850 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna raised their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. increased their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company raised their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Price Performance

Shares of NASDAQ:ASML opened at $787.84 on Thursday. The firm has a market cap of $310.87 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. The firm’s fifty day moving average is $881.39 and its 200-day moving average is $942.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.37 earnings per share. Sell-side analysts predict that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.95%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is presently 28.50%.

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.