Oak Harvest Investment Services Invests $2.99 Million in ASML Holding N.V. $ASML

Oak Harvest Investment Services purchased a new stake in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,732 shares of the semiconductor company’s stock, valued at approximately $2,991,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC lifted its position in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares in the last quarter. Maseco LLP bought a new stake in shares of ASML in the second quarter valued at about $32,000. Banque Cantonale Vaudoise acquired a new position in shares of ASML during the first quarter worth about $27,000. Finally, Costello Asset Management INC grew its holdings in shares of ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock worth $34,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of recent research reports. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Redburn Partners set a $1,200.00 target price on shares of ASML in a research report on Friday, November 7th. DZ Bank reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Rothschild Redb raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,076.33.

ASML Stock Down 1.7%

ASML opened at $1,019.86 on Friday. The stock’s fifty day simple moving average is $975.72 and its 200 day simple moving average is $826.09. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,086.11. The stock has a market cap of $401.09 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. 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 (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.28 earnings per share. 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 was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were issued a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 29th. ASML’s dividend payout ratio is presently 25.76%.

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.