ASML Holding (NASDAQ:ASML) Stock Position Raised by Quest Investment Management LLC

Quest Investment Management LLC lifted its stake in shares of ASML Holding (NASDAQ:ASML) by 83.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,200 shares of the semiconductor company’s stock after acquiring an additional 7,370 shares during the quarter. ASML accounts for 1.8% of Quest Investment Management LLC’s portfolio, making the stock its 17th largest holding. Quest Investment Management LLC’s holdings in ASML were worth $16,568,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC boosted its stake in shares of ASML by 2.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock worth $3,760,348,000 after acquiring an additional 95,795 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. GQG Partners LLC boosted its position in shares of ASML by 21.6% in the first 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 period. Sands Capital Management LLC boosted its position in shares of ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of ASML by 15.4% in the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after buying an additional 170,992 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Price Performance

ASML opened at $795.28 on Friday. The stock has a market cap of $313.81 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.96 and a beta of 1.49. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $870.91 and a 200 day moving average price of $939.66.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating 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 company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $5.37 earnings per share. The business’s revenue was down 9.5% compared to the same quarter last year. Analysts forecast that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.94%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is 28.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna raised their target price 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. raised their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price 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.