Lafayette Investments Inc. Buys 35 Shares of ASML Holding N.V. $ASML

Lafayette Investments Inc. grew its stake in ASML Holding N.V. (NASDAQ:ASML) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470 shares of the semiconductor company’s stock after acquiring an additional 35 shares during the period. Lafayette Investments Inc.’s holdings in ASML were worth $1,178,000 at the end of the most recent reporting period.

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

ASML Trading Up 1.3%

ASML stock opened at $1,042.15 on Tuesday. 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 stock has a market cap of $409.86 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. The stock has a 50-day moving average of $870.70 and a two-hundred day moving average of $778.13. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,059.00.

ASML (NASDAQ:ASML) last announced its quarterly earnings data 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 firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue was up .7% on a year-over-year basis. During the same period last year, the firm posted $5.28 EPS. On average, research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a $1.857 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. ASML’s dividend payout ratio (DPR) is 25.56%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating on shares of ASML in a report on Tuesday, October 7th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Hsbc Global Res raised shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. Morningstar lowered ASML to a “hold” rating in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,051.60.

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.