Eldred Rock Partners LLC Buys 6,899 Shares of ASML Holding (NASDAQ:ASML)

Eldred Rock Partners LLC grew its stake in ASML Holding (NASDAQ:ASML) by 120.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,620 shares of the semiconductor company’s stock after acquiring an additional 6,899 shares during the period. ASML accounts for 3.5% of Eldred Rock Partners LLC’s holdings, making the stock its 18th biggest holding. Eldred Rock Partners LLC’s holdings in ASML were worth $10,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ASML. Mercer Global Advisors Inc. ADV lifted its holdings in ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after buying an additional 870,010 shares during the period. Jennison Associates LLC lifted 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 purchasing an additional 572,996 shares during the last quarter. Fayez Sarofim & Co bought a new stake in ASML during the first quarter valued at about $542,710,000. GQG Partners LLC grew its stake in ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of ASML by 11,084.1% during the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after buying an additional 243,850 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

ASML traded up $0.59 during trading on Friday, reaching $833.00. The company’s stock had a trading volume of 862,835 shares, compared to its average volume of 1,253,543. The company has a market cap of $328.69 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.97 and a beta of 1.48. The firm has a fifty day simple moving average of $848.94 and a two-hundred day simple moving average of $929.53. ASML Holding has a 1 year low of $573.86 and a 1 year high of $1,110.09. 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 posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS 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 quarter in the previous year, the firm earned $5.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, analysts anticipate that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently declared 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 represents a $7.49 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is presently 28.50%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASML. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Berenberg Bank upgraded ASML to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Susquehanna boosted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company decreased their price target on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,110.80.

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.