Bowen Hanes & Co. Inc. Increases Stock Holdings in ASML Holding N.V. $ASML

Bowen Hanes & Co. Inc. increased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 14.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 50,000 shares of the semiconductor company’s stock after acquiring an additional 6,500 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in ASML were worth $40,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC increased its holdings in shares of ASML by 153.8% during the 2nd 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 last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in ASML during the second quarter worth $30,000. Washington Trust Advisors Inc. raised its position in ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 22 shares during the period. Maseco LLP acquired a new position in shares of ASML in the 2nd quarter valued at $32,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of ASML during the 1st quarter worth $27,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML opened at $966.57 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11. The company has a market cap of $380.14 billion, a P/E ratio of 39.34, a PEG ratio of 1.76 and a beta of 1.88. The firm’s 50 day moving average price is $1,000.20 and its 200 day moving average price is $839.78.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.28 earnings per share. On average, research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. 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 0.8%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is 25.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Bank Degroof lowered shares of ASML to a “hold” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Finally, Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price 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.