Channing Global Advisors LLC Buys 87 Shares of ASML Holding N.V. $ASML

Channing Global Advisors LLC boosted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467 shares of the semiconductor company’s stock after buying an additional 87 shares during the quarter. ASML makes up 0.8% of Channing Global Advisors LLC’s portfolio, making the stock its 25th largest position. Channing Global Advisors LLC’s holdings in ASML were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Capstone Wealth Management Group LLC grew its stake in ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after purchasing an additional 124 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of ASML in the 1st quarter worth $27,000. Arkadios Wealth Advisors grew its position in shares of ASML by 13.5% during the 1st quarter. Arkadios Wealth Advisors now owns 1,041 shares of the semiconductor company’s stock worth $690,000 after buying an additional 124 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of ASML by 16.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 468 shares of the semiconductor company’s stock valued at $310,000 after buying an additional 66 shares during the period. Finally, Nicolet Advisory Services LLC increased its stake in shares of ASML by 35.9% during the first quarter. Nicolet Advisory Services LLC now owns 587 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 155 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ASML shares. UBS Group reiterated a “buy” rating on shares of ASML in a report on Tuesday, November 25th. Morningstar cut shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Susquehanna boosted their price objective on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Finally, Rothschild Redb raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Trading Up 1.3%

NASDAQ:ASML opened at $1,054.93 on Friday. The stock has a market capitalization of $414.89 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 1.76 and a beta of 1.88. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $1,013.19 and a 200 day moving average of $851.37.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.80 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the company earned $5.28 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors 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 annualized dividend and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

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.