ASML Holding (NASDAQ:ASML) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in shares of ASML Holding (NASDAQ:ASML) by 1,523.4% during the first quarter, HoldingsChannel reports. The firm owned 45,358 shares of the semiconductor company’s stock after purchasing an additional 42,564 shares during the quarter. Acadian Asset Management LLC’s holdings in ASML were worth $44,001,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ASML. American Capital Advisory LLC purchased a new position in ASML in the 1st quarter valued at about $26,000. WD Rutherford LLC acquired a new stake in ASML during the 1st quarter valued at approximately $29,000. ZRC Wealth Management LLC purchased a new stake in ASML during the 1st quarter worth approximately $39,000. Rocky Mountain Advisers LLC raised its position in shares of ASML by 110.0% in the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 22 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of ASML during the 1st quarter valued at approximately $42,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ASML shares. Susquehanna lifted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI assumed coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein lowered their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Finally, Wells Fargo & Company increased their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Performance

Shares of NASDAQ:ASML traded up $43.63 during trading on Monday, hitting $939.00. 1,226,522 shares of the company traded hands, compared to its average volume of 1,167,802. The company has a quick ratio of 0.88, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average is $1,006.23 and its 200-day moving average is $939.78. The stock has a market capitalization of $370.52 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.89 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the company earned $5.37 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities analysts predict that ASML Holding will post 20.09 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.80%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date is Monday, July 29th. ASML’s payout ratio is presently 32.53%.

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.