Bessemer Group Inc. Acquires 1,185 Shares of ASML Holding N.V. $ASML

Bessemer Group Inc. increased its holdings in ASML Holding N.V. (NASDAQ:ASML) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 78,630 shares of the semiconductor company’s stock after buying an additional 1,185 shares during the quarter. Bessemer Group Inc.’s holdings in ASML were worth $63,014,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in ASML by 97.6% in the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after buying an additional 76,023 shares in the last quarter. Strategic Planning Group LLC grew its stake in shares of ASML by 12.5% during the 2nd 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 period. Empowered Funds LLC grew its stake in shares of ASML by 5.0% during the 1st 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 period. Gunderson Capital Management Inc. bought a new stake in shares of ASML during the 2nd quarter valued at about $1,702,000. Finally, Cidel Asset Management Inc. grew its stake in shares of ASML by 4,478.0% during the 2nd 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 period. 26.07% of the stock is currently owned by institutional investors.

ASML Stock Up 2.6%

ASML stock opened at $1,059.98 on Tuesday. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,060.73. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $416.87 billion, a P/E ratio of 43.14, a PEG ratio of 1.70 and a beta of 1.87. The business’s 50-day moving average price is $899.17 and its 200-day moving average price is $792.01.

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

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. 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%. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.56%.

Wall Street Analyst Weigh In

ASML has been the subject of a number of recent research reports. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Finally, Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

About ASML

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.