North Star Asset Management Inc. Purchases Shares of 25,849 ASML Holding N.V. $ASML

North Star Asset Management Inc. acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,849 shares of the semiconductor company’s stock, valued at approximately $51,424,000. ASML makes up about 2.0% of North Star Asset Management Inc.’s holdings, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Wealth Management Group LLC grew its stake in shares of ASML by 5.2% during the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock valued at $4,553,000 after acquiring an additional 4,021 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in ASML by 153.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares in the last quarter. Sivia Capital Partners LLC raised its stake in ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after buying an additional 15 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of ASML by 5.2% in the 2nd quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock valued at $9,122,000 after purchasing an additional 559 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 17th. Royal Bank Of Canada increased their price objective on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a report on Friday, July 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ASML in a research report on Tuesday, July 7th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Trading Down 0.6%

ASML stock opened at $1,735.01 on Friday. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The company has a market cap of $682.34 billion, a P/E ratio of 53.98, a P/E/G ratio of 0.87 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The business has a 50-day simple moving average of $1,769.62 and a two-hundred day simple moving average of $1,590.92.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The business had revenue of $10.62 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Analysts predict that ASML Holding N.V. will post 44.92 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio (DPR) is currently 22.62%.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.