Hemenway Trust Co LLC Increases Position in ASML Holding (NASDAQ:ASML)

Hemenway Trust Co LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 4.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,128 shares of the semiconductor company’s stock after acquiring an additional 50 shares during the period. Hemenway Trust Co LLC’s holdings in ASML were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ASML. Aveo Capital Partners LLC lifted its stake in shares of ASML by 25.7% in the 4th quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock worth $481,000 after acquiring an additional 130 shares during the period. Wealthcare Advisory Partners LLC lifted its position in ASML by 11.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 667 shares of the semiconductor company’s stock valued at $505,000 after purchasing an additional 69 shares during the period. Private Advisor Group LLC lifted its position in ASML by 1.8% in the fourth quarter. Private Advisor Group LLC now owns 5,364 shares of the semiconductor company’s stock valued at $4,060,000 after purchasing an additional 96 shares during the period. Lincoln National Corp boosted its holdings in ASML by 3.7% in the 4th quarter. Lincoln National Corp now owns 975 shares of the semiconductor company’s stock valued at $738,000 after purchasing an additional 35 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in ASML during the 4th quarter worth approximately $313,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ASML. Susquehanna lifted their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. UBS Group lowered shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of ASML stock traded down $23.10 during trading hours on Friday, hitting $772.50. The company’s stock had a trading volume of 551,074 shares, compared to its average volume of 1,229,223. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The stock has a market cap of $304.82 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 1.91 and a beta of 1.49. The business has a fifty day moving average of $931.20 and a 200-day moving average of $951.74.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 49.93% and a net margin of 26.50%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.37 EPS. As a group, equities research analysts anticipate that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.97%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

About ASML

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.