HBK Sorce Advisory LLC Boosts Holdings in ASML Holding N.V. $ASML

HBK Sorce Advisory LLC raised its stake in ASML Holding N.V. (NASDAQ:ASML) by 30.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,047 shares of the semiconductor company’s stock after acquiring an additional 245 shares during the quarter. HBK Sorce Advisory LLC’s holdings in ASML were worth $839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in ASML by 131.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,442 shares of the semiconductor company’s stock worth $10,972,000 after buying an additional 9,340 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of ASML by 19.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 15,135 shares of the semiconductor company’s stock worth $10,029,000 after acquiring an additional 2,454 shares during the period. Mather Group LLC. increased its holdings in ASML by 4.1% in the 1st quarter. Mather Group LLC. now owns 429 shares of the semiconductor company’s stock worth $285,000 after acquiring an additional 17 shares during the last quarter. Vontobel Holding Ltd. raised its stake in ASML by 48.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,971 shares of the semiconductor company’s stock valued at $5,944,000 after acquiring an additional 2,935 shares during the period. Finally, Cidel Asset Management Inc. bought a new stake in ASML in the 1st quarter valued at about $247,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,075.45 on Friday. 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 firm has a market cap of $422.95 billion, a P/E ratio of 43.77, a P/E/G ratio of 1.76 and a beta of 1.87. The firm’s fifty day moving average is $918.58 and its 200 day moving average is $799.57. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. The business 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%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $5.28 earnings per share. Research analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is 25.68%.

Analyst Ratings Changes

ASML has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Evercore ISI restated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Erste Group Bank upgraded ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley raised ASML from an “equal weight” rating to an “overweight” rating in a 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock 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.