Meridian Management Co. Acquires Shares of 912 ASML Holding N.V. $ASML

Meridian Management Co. bought a new position in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 912 shares of the semiconductor company’s stock, valued at approximately $1,814,000.

A number of other hedge funds have also modified their holdings of the business. Cornerstone Financial Management LLC acquired a new position in ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc boosted its holdings in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Resources Management Corp CT ADV grew its position in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML during the fourth quarter worth approximately $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

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ASML Price Performance

ASML stock opened at $1,844.45 on Friday. The company’s 50 day simple moving average is $1,781.65 and its 200-day simple moving average is $1,567.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The company has a market capitalization of $725.39 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML – Get Free Report) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. As a group, equities research analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ASML shares. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Susquehanna reissued a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a report on Friday, July 10th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Finally, Zacks Research lowered shares of ASML from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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ASML Profile

(Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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