Birch Hill Investment Advisors LLC Purchases Shares of 253 ASML Holding N.V. $ASML

Birch Hill Investment Advisors LLC purchased a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 253 shares of the semiconductor company’s stock, valued at approximately $203,000.

Other hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in ASML by 97.6% in the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after purchasing an additional 76,023 shares during the last quarter. Strategic Planning Group LLC boosted its holdings in ASML by 12.5% in the second quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after purchasing an additional 730 shares during the last quarter. Empowered Funds LLC boosted its holdings in ASML by 5.0% in the first quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock valued at $7,241,000 after purchasing an additional 519 shares during the last quarter. Gunderson Capital Management Inc. purchased a new stake in ASML in the second quarter valued at $1,702,000. Finally, Cidel Asset Management Inc. boosted its holdings in ASML by 4,478.0% in the second quarter. Cidel Asset Management Inc. now owns 17,076 shares of the semiconductor company’s stock valued at $13,685,000 after purchasing an additional 16,703 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Down 1.3%

ASML stock opened at $1,011.57 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00. The stock has a market cap of $397.83 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 1.69 and a beta of 1.87. The business’s 50-day moving average is $881.48 and its 200 day moving average is $781.44.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $5.28 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders 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 of this dividend 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 is 25.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ASML. Susquehanna raised their target price on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Arete Research upgraded ASML to a “strong-buy” rating in a research report on Friday, September 12th. Barclays restated an “overweight” rating on shares of ASML in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.