ASML Holding (NASDAQ:ASML) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,053 shares of the semiconductor company’s stock after purchasing an additional 106 shares during the period. King Luther Capital Management Corp’s holdings in ASML were worth $1,077,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harvard Management Co. Inc. raised its stake in ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in shares of ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after purchasing an additional 1,007 shares during the last quarter. Cetera Investment Advisers lifted its holdings 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 worth $22,661,000 after purchasing an additional 14,682 shares during the period. Burford Brothers Inc. purchased a new stake in ASML in the fourth quarter valued at approximately $761,000. Finally, Montag A & Associates Inc. increased its holdings in ASML by 25,520.0% in the 1st quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock worth $1,243,000 after buying an additional 1,276 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASML shares. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna upped their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a report on Friday. Finally, 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 report on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

NASDAQ:ASML opened at $795.28 on Monday. The stock has a market capitalization of $313.81 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. The stock’s 50-day moving average price is $870.91 and its 200-day moving average price is $939.21. 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 Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last announced 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 during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company posted $5.37 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities analysts expect that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed 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 represents a $7.49 annualized dividend and a yield of 0.94%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.