DekaBank Deutsche Girozentrale Grows Position in ASML Holding (NASDAQ:ASML)

DekaBank Deutsche Girozentrale grew its stake in shares of ASML Holding (NASDAQ:ASML) by 10.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 261 shares of the semiconductor company’s stock after purchasing an additional 24 shares during the period. DekaBank Deutsche Girozentrale’s holdings in ASML were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. American Capital Advisory LLC purchased a new stake in ASML during the first quarter worth about $26,000. WD Rutherford LLC purchased a new stake in ASML during the first quarter worth $29,000. Triad Wealth Partners LLC acquired a new stake in ASML in the 2nd quarter valued at about $31,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the fourth quarter valued at about $34,000. Finally, First Community Trust NA acquired a new stake in shares of ASML in the second quarter valued at approximately $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of ASML stock opened at $795.28 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market capitalization of $313.81 billion, a price-to-earnings ratio of 40.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09. The company has a 50 day moving average price of $870.91 and a 200 day moving average price of $939.86.

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

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is presently 28.50%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASML shares. Susquehanna raised their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday. Wells Fargo & Company boosted their price objective 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. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

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.