Elefante Mark B Buys New Shares in ASML Holding N.V. $ASML

Elefante Mark B purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,084 shares of the semiconductor company’s stock, valued at approximately $2,126,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cornerstone Financial Management LLC acquired a new position in ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc boosted its position in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 15 shares during the last quarter. Resources Management Corp CT ADV grew its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in shares of ASML in the fourth quarter valued at approximately $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

NASDAQ:ASML opened at $1,763.76 on Monday. The firm has a market capitalization of $693.65 billion, a price-to-earnings ratio of 54.88, a P/E/G ratio of 0.88 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a fifty day moving average of $1,780.20 and a 200 day moving average of $1,580.59. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion for the quarter. On average, research analysts expect that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is currently 22.62%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Argus set a $2,100.00 price objective on ASML in a report on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Friday, July 17th. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Barclays restated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Four research 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.