Advisors Capital Management LLC Grows Position in ASML Holding N.V. $ASML

Advisors Capital Management LLC raised its position in ASML Holding N.V. (NASDAQ:ASML) by 19.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,004 shares of the semiconductor company’s stock after purchasing an additional 163 shares during the quarter. Advisors Capital Management LLC’s holdings in ASML were worth $805,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its holdings in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after buying an additional 20 shares during the period. Washington Trust Advisors Inc. grew its position in ASML by 129.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the last quarter. Maseco LLP purchased a new stake in ASML in the second quarter worth $32,000. Banque Cantonale Vaudoise bought a new stake in shares of ASML during the first quarter worth $27,000. Finally, Costello Asset Management INC boosted its stake in shares of ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 25 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,006.98 on Friday. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,086.11. The firm has a market cap of $396.03 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The firm has a 50-day simple moving average of $980.23 and a two-hundred day simple moving average of $829.55.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping 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 firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the business earned $5.28 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.76%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Redburn Partners set a $1,200.00 price target on shares of ASML in a research note on Friday, November 7th. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research note on Wednesday, October 15th. Rothschild Redb raised shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Finally, Citigroup restated a “buy” rating on shares of ASML in a report on Tuesday, October 7th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,076.33.

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.