NorthCrest Asset Manangement LLC Boosts Stock Position in ASML Holding (NASDAQ:ASML)

NorthCrest Asset Manangement LLC boosted its position in ASML Holding (NASDAQ:ASML) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,454 shares of the semiconductor company’s stock after buying an additional 34 shares during the period. NorthCrest Asset Manangement LLC’s holdings in ASML were worth $4,555,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ASML. American Capital Advisory LLC acquired a new position in shares of ASML in the first quarter worth about $26,000. WD Rutherford LLC acquired a new stake in ASML in the 1st quarter valued at $29,000. Beaird Harris Wealth Management LLC purchased a new stake in ASML in the 4th quarter worth $34,000. First Community Trust NA purchased a new position in ASML during the second quarter valued at $34,000. Finally, LRI Investments LLC purchased a new stake in shares of ASML during the first quarter worth about $37,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Evercore ISI began coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating for the company. Susquehanna upped their target price 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. Finally, Wells Fargo & Company raised their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Trading Up 1.1 %

Shares of ASML stock traded up $9.81 during mid-day trading on Wednesday, hitting $879.30. 347,763 shares of the stock were exchanged, compared to its average volume of 1,232,473. The company has a 50-day simple moving average of $981.77 and a 200 day simple moving average of $954.32. 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 market capitalization of $346.96 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last released its 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. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.37 EPS. Research analysts forecast that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.85%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s payout ratio is presently 28.50%.

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.