SYM FINANCIAL Corp Raises Stock Position in ASML Holding N.V. $ASML

SYM FINANCIAL Corp lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 6.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 479 shares of the semiconductor company’s stock after purchasing an additional 31 shares during the quarter. SYM FINANCIAL Corp’s holdings in ASML were worth $384,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in ASML. Acadian Asset Management LLC increased its position in shares of ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after acquiring an additional 76,023 shares during the period. Strategic Planning Group LLC grew its stake in ASML by 12.5% during the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock worth $5,251,000 after purchasing an additional 730 shares in the last quarter. Empowered Funds LLC increased its holdings in ASML by 5.0% during the 1st quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock worth $7,241,000 after purchasing an additional 519 shares during the period. Gunderson Capital Management Inc. acquired a new stake in ASML in the 2nd quarter valued at about $1,702,000. Finally, Cidel Asset Management Inc. raised its position in ASML by 4,478.0% in the 2nd quarter. Cidel Asset Management Inc. now owns 17,076 shares of the semiconductor company’s stock valued at $13,685,000 after purchasing an additional 16,703 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ASML. Citigroup restated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Erste Group Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Barclays restated an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Stock Up 2.6%

ASML opened at $1,059.98 on Tuesday. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,060.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The stock has a market capitalization of $416.87 billion, a P/E ratio of 43.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. The business’s 50-day simple moving average is $899.17 and its 200-day simple moving average is $792.01.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. ASML’s payout ratio is 25.56%.

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.