ASML Holding (NASDAQ:ASML) Shares Bought by Eldred Rock Partners LLC

Eldred Rock Partners LLC boosted its stake in shares of ASML Holding (NASDAQ:ASML) by 120.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,620 shares of the semiconductor company’s stock after buying an additional 6,899 shares during the quarter. ASML accounts for about 3.5% of Eldred Rock Partners LLC’s holdings, making the stock its 18th biggest holding. Eldred Rock Partners LLC’s holdings in ASML were worth $10,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its stake in ASML by 1.7% during the fourth quarter. Capital Research Global Investors now owns 5,899 shares of the semiconductor company’s stock worth $4,471,000 after purchasing an additional 98 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of ASML by 9.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,508 shares of the semiconductor company’s stock worth $2,655,000 after acquiring an additional 291 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of ASML by 208.6% during the fourth quarter. 1832 Asset Management L.P. now owns 2,200 shares of the semiconductor company’s stock worth $1,665,000 after acquiring an additional 1,487 shares during the period. Cibc World Markets Corp raised its stake in shares of ASML by 26.3% in the fourth quarter. Cibc World Markets Corp now owns 12,604 shares of the semiconductor company’s stock valued at $9,540,000 after acquiring an additional 2,627 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in ASML by 4.0% in the fourth quarter. Stephens Inc. AR now owns 1,508 shares of the semiconductor company’s stock valued at $1,141,000 after purchasing an additional 58 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ASML shares. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Berenberg Bank raised shares of ASML to a “strong-buy” rating in a report on Wednesday. Susquehanna boosted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Wells Fargo & Company reduced their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,110.80.

ASML Price Performance

NASDAQ:ASML traded up $0.59 during trading hours on Friday, hitting $833.00. The company’s stock had a trading volume of 862,835 shares, compared to its average volume of 1,253,543. The company has a market capitalization of $328.69 billion, a PE ratio of 42.54, a PEG ratio of 1.97 and a beta of 1.48. ASML Holding has a 52-week low of $573.86 and a 52-week high of $1,110.09. The business’s 50-day moving average is $848.94 and its two-hundred day moving average is $929.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business earned $5.37 earnings per share. As a group, research analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is currently 28.50%.

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.