CORDA Investment Management LLC. Invests $15.18 Million in ASML Holding N.V. $ASML

CORDA Investment Management LLC. bought a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 18,946 shares of the semiconductor company’s stock, valued at approximately $15,183,000.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of ASML by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 13 shares in the last quarter. Rossmore Private Capital lifted its position in shares of ASML by 0.3% during the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock valued at $2,880,000 after purchasing an additional 14 shares in the last quarter. Baring Financial LLC boosted its holdings in ASML by 2.8% during the second quarter. Baring Financial LLC now owns 510 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 14 shares during the last quarter. Sage Mountain Advisors LLC grew its position in ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position in ASML by 15.2% in the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,029.27 on Monday. The business’s 50 day simple moving average is $864.28 and its 200 day simple moving average is $775.08. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,059.00. The company has a market cap of $404.79 billion, a price-to-earnings ratio of 41.89, a PEG ratio of 1.70 and a beta of 1.87. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the business posted $5.28 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is presently 25.56%.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. Evercore ISI reissued an “outperform” rating on shares of ASML in a research report on Thursday. Arete Research raised ASML to a “strong-buy” rating in a research report on Friday, September 12th. Morningstar cut ASML to a “hold” rating in a research report on Thursday, September 18th. DZ Bank restated a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Finally, Morgan Stanley raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,051.60.

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.