MJP Associates Inc. ADV Purchases 49 Shares of ASML Holding (NASDAQ:ASML)

MJP Associates Inc. ADV lifted its position in ASML Holding (NASDAQ:ASML) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 567 shares of the semiconductor company’s stock after purchasing an additional 49 shares during the quarter. MJP Associates Inc. ADV’s holdings in ASML were worth $580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC raised its holdings in shares of ASML by 50.0% in the 1st 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 in the last quarter. Fayez Sarofim & Co purchased a new stake in ASML in the first quarter valued at approximately $542,710,000. GQG Partners LLC lifted its position in ASML by 21.6% during the first 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. grew its stake in ASML by 11,084.1% in the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after buying an additional 243,850 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after buying an additional 203,860 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Down 1.8 %

ASML stock traded down $16.10 during midday trading on Friday, hitting $860.55. The company had a trading volume of 950,463 shares, compared to its average volume of 1,237,008. The stock has a market cap of $339.56 billion, a price-to-earnings ratio of 43.95, a PEG ratio of 1.87 and a beta of 1.49. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $985.65 and its 200 day moving average price is $954.42.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.37 EPS. As a group, equities research analysts expect that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.87%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Evercore ISI initiated coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Susquehanna upped their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company lifted 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. Two 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 company. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.