Novare Capital Management LLC Invests $215,000 in ASML Holding N.V. $ASML

Novare Capital Management LLC purchased a new position in shares of ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 268 shares of the semiconductor company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also modified their holdings of ASML. T. Rowe Price Investment Management Inc. purchased a new position in shares of ASML during the 1st quarter worth $360,262,000. Invesco Ltd. boosted its stake in shares of ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after acquiring an additional 367,505 shares during the last quarter. Amundi boosted its stake in shares of ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after acquiring an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in shares of ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after acquiring an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of ASML by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after acquiring an additional 199,740 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

Shares of NASDAQ ASML opened at $1,029.27 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.31. The company has a market cap of $404.79 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.72 and a beta of 1.87. The firm’s fifty day moving average is $864.28 and its two-hundred day moving average is $774.02. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,059.00.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.28 EPS. As a group, analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently commented on ASML shares. Sanford C. Bernstein restated a “neutral” rating on shares of ASML in a research report on Friday. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. HSBC restated a “buy” rating on shares of ASML in a research report on Friday. Morningstar downgraded shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.