ASML Holding N.V. $ASML Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 60.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,892 shares of the semiconductor company’s stock after acquiring an additional 1,836 shares during the quarter. Carnegie Investment Counsel’s holdings in ASML were worth $4,736,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC increased its stake in ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 20 shares during the last quarter. Binnacle Investments Inc lifted its position in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML in the 2nd quarter valued at $30,000. Washington Trust Advisors Inc. grew its position in shares of 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 buying an additional 22 shares during the last quarter. Finally, Maseco LLP acquired a new stake in ASML during the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,175.00 to $1,275.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Hsbc Global Res raised ASML to a “strong-buy” rating in a report on Monday, October 6th. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Finally, Evercore ISI reissued an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,171.83.

ASML Stock Performance

Shares of ASML stock opened at $1,072.75 on Friday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,141.72. The stock’s 50-day moving average price is $1,052.23 and its 200 day moving average price is $898.24. 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 stock has a market capitalization of $421.89 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating 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 company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the business posted $5.28 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were paid a $1.857 dividend. 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 presently 25.80%.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.