Deepwater Asset Management LLC Takes Position in ASML Holding (NASDAQ:ASML)

Deepwater Asset Management LLC purchased a new position in ASML Holding (NASDAQ:ASML) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,671 shares of the semiconductor company’s stock, valued at approximately $1,709,000. ASML makes up 0.6% of Deepwater Asset Management LLC’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Aveo Capital Partners LLC grew its holdings in shares of ASML by 25.7% during the fourth quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock valued at $481,000 after buying an additional 130 shares during the last quarter. D.A. Davidson & CO. boosted its stake in ASML by 1.1% during the 4th quarter. D.A. Davidson & CO. now owns 3,458 shares of the semiconductor company’s stock valued at $2,618,000 after purchasing an additional 36 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of ASML by 14.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 15,606 shares of the semiconductor company’s stock worth $11,813,000 after purchasing an additional 1,972 shares in the last quarter. US Bancorp DE increased its holdings in shares of ASML by 18.7% in the 4th quarter. US Bancorp DE now owns 32,103 shares of the semiconductor company’s stock worth $24,300,000 after purchasing an additional 5,064 shares in the last quarter. Finally, SageView Advisory Group LLC raised its stake in shares of ASML by 40.5% in the fourth quarter. SageView Advisory Group LLC now owns 2,538 shares of the semiconductor company’s stock worth $1,921,000 after purchasing an additional 731 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASML. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. 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. Finally, UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Stock Down 4.0 %

Shares of ASML stock opened at $795.28 on Friday. The company has a 50 day simple moving average of $870.91 and a two-hundred day simple moving average of $939.66. The stock has a market cap of $313.81 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49. ASML Holding has a 12 month low of $563.99 and a 12 month 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.

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

ASML Increases Dividend

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

About ASML

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.