Logan Capital Management Inc. Cuts Stake in ASML Holding N.V. $ASML

Logan Capital Management Inc. lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 35.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,222 shares of the semiconductor company’s stock after selling 1,771 shares during the period. Logan Capital Management Inc.’s holdings in ASML were worth $2,582,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ASML by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after purchasing an additional 7,164 shares during the period. Invesco Ltd. boosted its stake in shares of ASML by 101.0% during the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after purchasing an additional 367,505 shares during the period. Fayez Sarofim & Co boosted its stake in shares of ASML by 2.7% during the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after purchasing an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. boosted its stake in shares of ASML by 61.0% during the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after purchasing an additional 268,172 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of ASML stock opened at $1,052.48 on Wednesday. The stock has a fifty day moving average of $905.35 and a 200 day moving average of $794.83. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,060.73. The firm has a market capitalization of $413.92 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 1.75 and a beta of 1.87. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last announced 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 during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the firm posted $5.28 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. As a group, research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. HSBC reissued a “buy” rating on shares of ASML in a research note on Friday, October 17th. Morgan Stanley raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. New Street Research reissued a “neutral” rating on shares of ASML in a research note on Monday, October 6th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Friday, October 10th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of ASML in a research note on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.