Midwest Trust Co Buys New Position in ASML Holding N.V. $ASML

Midwest Trust Co purchased a new position in ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 23,826 shares of the semiconductor company’s stock, valued at approximately $19,094,000.

Several other hedge funds have also recently modified their holdings of ASML. Martin Investment Management LLC grew its holdings in shares of ASML by 11.1% during the second quarter. Martin Investment Management LLC now owns 1,248 shares of the semiconductor company’s stock valued at $1,000,000 after buying an additional 125 shares during the last quarter. Acadian Asset Management LLC raised its stake in ASML by 114.3% in the 2nd quarter. Acadian Asset Management LLC now owns 329,878 shares of the semiconductor company’s stock worth $264,333,000 after acquiring an additional 175,939 shares during the last quarter. Brio Consultants LLC purchased a new position in ASML in the 2nd quarter worth $204,000. Sound View Wealth Advisors Group LLC lifted its position in ASML by 5.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 946 shares of the semiconductor company’s stock worth $758,000 after acquiring an additional 47 shares during the period. Finally, Rathbones Group PLC grew its stake in ASML by 153.8% during the 2nd quarter. Rathbones Group PLC now owns 812 shares of the semiconductor company’s stock valued at $651,000 after purchasing an additional 492 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,016.96 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a market capitalization of $399.95 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 1.76 and a beta of 1.88. The firm’s 50 day simple moving average is $952.53 and its 200-day simple moving average is $817.13. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,086.11.

ASML (NASDAQ:ASML) last posted its 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. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the business posted $5.28 EPS. The business’s revenue was up .7% compared to the same quarter last year. Analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. New Street Research reissued a “neutral” rating on shares of ASML in a report on Monday, October 6th. Finally, Bank Degroof downgraded shares of ASML to a “hold” rating in a research report on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

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.