Bank of Montreal Can Acquires 4,333 Shares of ASML Holding (NASDAQ:ASML)

Bank of Montreal Can grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,647 shares of the semiconductor company’s stock after purchasing an additional 4,333 shares during the period. Bank of Montreal Can’s holdings in ASML were worth $122,748,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Harvard Management Co. Inc. lifted its position in ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares during the period. Salem Investment Counselors Inc. increased its position in ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after acquiring an additional 1,007 shares during the period. Cetera Investment Advisers raised its stake in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after acquiring an additional 14,682 shares during the last quarter. Burford Brothers Inc. acquired a new position in shares of ASML during the fourth quarter worth $761,000. Finally, Montag A & Associates Inc. grew its stake in shares of ASML by 25,520.0% in the first quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock worth $1,243,000 after purchasing an additional 1,276 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Stock Up 1.0 %

Shares of NASDAQ ASML opened at $803.50 on Tuesday. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The business has a 50-day simple moving average of $865.70 and a two-hundred day simple moving average of $937.49. The company has a market cap of $317.05 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.96 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6 billion. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $5.37 EPS. Research analysts anticipate that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.93%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ASML shares. JPMorgan Chase & Co. raised their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Susquehanna raised their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Finally, UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML 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.