NewSquare Capital LLC Grows Stock Position in ASML Holding N.V. $ASML

NewSquare Capital LLC lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 270.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89 shares of the semiconductor company’s stock after acquiring an additional 65 shares during the period. NewSquare Capital LLC’s holdings in ASML were worth $71,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Princeton Global Asset Management LLC boosted its holdings 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 purchasing an additional 20 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of ASML in the 1st quarter worth $27,000. Washington Trust Advisors Inc. raised its holdings 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 worth $31,000 after purchasing an additional 22 shares during the period. Maseco LLP purchased a new position in ASML in the second quarter valued at approximately $32,000. Finally, Knuff & Co LLC purchased a new position in ASML in the first quarter valued at approximately $33,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Mizuho raised ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Barclays reissued an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Finally, DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,043.75 on Thursday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11. The firm has a 50-day simple moving average of $941.73 and a 200 day simple moving average of $811.65. The company has a market cap of $410.49 billion, a PE ratio of 42.48, a P/E/G ratio of 1.76 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. The company had revenue of $8.71 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $5.28 earnings per share. On average, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared 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 is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, October 29th. ASML’s payout ratio is currently 25.76%.

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.