Empirical Asset Management LLC Acquires New Stake in ASML Holding N.V. $ASML

Empirical Asset Management LLC acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 266 shares of the semiconductor company’s stock, valued at approximately $213,000.

Several other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in ASML by 4.3% in the second quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock valued at $254,000 after purchasing an additional 13 shares during the last quarter. Rossmore Private Capital lifted its stake in ASML by 0.3% in the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock valued at $2,880,000 after purchasing an additional 14 shares during the last quarter. Baring Financial LLC lifted its stake in ASML by 2.8% in the second quarter. Baring Financial LLC now owns 510 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 14 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 15 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in ASML by 15.2% in the first quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ASML shares. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, October 13th. DZ Bank reissued a “neutral” rating on shares of ASML in a report on Wednesday. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Thursday. New Street Research reissued a “neutral” rating on shares of ASML in a report on Monday, October 6th. Finally, Bank Degroof cut shares of ASML to a “hold” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Trading Up 0.9%

ASML stock opened at $1,029.27 on Friday. The stock has a market cap of $404.79 billion, a P/E ratio of 41.89, a PEG ratio of 1.70 and a beta of 1.87. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00. The firm’s fifty day moving average price is $864.28 and its 200-day moving average price is $773.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.31.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.71 billion for 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 business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.28 earnings per share. Equities research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

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

ASML 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.