Main Street Research LLC Raises Stock Position in ASML Holding N.V. $ASML

Main Street Research LLC grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 3,297.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,497 shares of the semiconductor company’s stock after acquiring an additional 16,982 shares during the period. Main Street Research LLC’s holdings in ASML were worth $14,022,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Princeton Global Asset Management LLC raised its stake in shares of ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the period. Washington Trust Advisors Inc. raised its stake in shares of ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the period. Maseco LLP purchased a new position in shares of ASML in the 2nd quarter valued at $32,000. Banque Cantonale Vaudoise purchased a new position in shares of ASML in the 1st quarter valued at $27,000. Finally, Costello Asset Management INC raised its stake in shares of ASML by 147.1% in the 2nd quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ASML. DZ Bank reissued a “neutral” rating on shares of ASML in a research note on Wednesday, October 15th. Zacks Research raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, October 16th. New Street Research reaffirmed a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Finally, Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Price Performance

ASML opened at $1,030.14 on Wednesday. The company has a 50-day moving average of $936.25 and a 200-day moving average of $810.02. The company has a market capitalization of $405.14 billion, a P/E ratio of 41.93, a PEG ratio of 1.76 and a beta of 1.87. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,086.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

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

ASML Increases Dividend

The business 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 $1.857 dividend. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.76%.

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.