ASML Holding N.V. $ASML Shares Bought by Harbour Investments Inc.

Harbour Investments Inc. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 14.1% in the second quarter, HoldingsChannel reports. The fund owned 453 shares of the semiconductor company’s stock after buying an additional 56 shares during the quarter. Harbour Investments Inc.’s holdings in ASML were worth $363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JGP Wealth Management LLC increased its stake in shares of ASML by 7.2% during the 2nd quarter. JGP Wealth Management LLC now owns 610 shares of the semiconductor company’s stock valued at $489,000 after acquiring an additional 41 shares during the last quarter. Courier Capital LLC acquired a new position in shares of ASML during the 2nd quarter valued at about $208,000. Sagespring Wealth Partners LLC increased its stake in shares of ASML by 20.4% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 1,594 shares of the semiconductor company’s stock valued at $1,277,000 after acquiring an additional 270 shares during the last quarter. Equitable Trust Co. increased its stake in shares of ASML by 51.0% during the 2nd quarter. Equitable Trust Co. now owns 15,520 shares of the semiconductor company’s stock valued at $12,438,000 after acquiring an additional 5,241 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of ASML by 17.0% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 2,593 shares of the semiconductor company’s stock worth $2,078,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASML. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Bank Degroof cut ASML to a “hold” rating in a report on Friday, October 10th. Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Wells Fargo & Company boosted their target price on ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Stock Performance

ASML stock opened at $1,042.15 on Tuesday. The stock has a market cap of $409.86 billion, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $870.70 and a 200-day moving average of $778.13. 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 released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the business posted $5.28 EPS. The business’s revenue was up .7% on a year-over-year basis. On average, analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is 25.56%.

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.