Legacy Investment Solutions LLC Acquires New Position in ASML Holding N.V. $ASML

Legacy Investment Solutions LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML) in the second quarter, Holdings Channel reports. The firm bought 88 shares of the semiconductor company’s stock, valued at approximately $71,000.

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

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Sanford C. Bernstein restated a “market perform” rating on shares of ASML in a research note on Wednesday, October 29th. Morgan Stanley raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Finally, New Street Research reissued a “neutral” rating on shares of ASML in a report on Monday, October 6th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Stock Down 1.2%

ASML stock opened at $1,016.96 on Friday. ASML Holding N.V. has a one year low of $578.51 and a one 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. The firm’s fifty day moving average is $952.53 and its 200 day moving average is $815.89. The firm has a market cap of $399.95 billion, a PE ratio of 41.39, a P/E/G ratio of 1.76 and a beta of 1.88.

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

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a $1.857 dividend. 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 was Wednesday, October 29th. ASML’s dividend payout ratio (DPR) 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.