CoreCap Advisors LLC Takes $3.34 Million Position in ASML Holding (NASDAQ:ASML)

CoreCap Advisors LLC purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,270 shares of the semiconductor company’s stock, valued at approximately $3,344,000.

Several other institutional investors have also recently made changes to their positions in ASML. Jennison Associates LLC increased its position in shares of ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co purchased a new position in shares of ASML during the 1st quarter worth approximately $542,710,000. GQG Partners LLC increased its holdings in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in ASML by 11,084.1% during the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in ASML by 35.6% during the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after purchasing an additional 203,860 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML opened at $800.17 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The stock has a market cap of $315.74 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. The firm has a fifty day moving average price of $903.35 and a 200 day moving average price of $946.34.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s payout ratio is presently 28.55%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ASML. Susquehanna boosted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their price objective 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, July 18th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,147.80.

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.