Cornerstone Select Advisors LLC Increases Position in ASML Holding N.V. $ASML

Cornerstone Select Advisors LLC boosted its holdings in ASML Holding N.V. (NASDAQ:ASML) by 55.4% during the first quarter, Holdings Channel.com reports. The firm owned 690 shares of the semiconductor company’s stock after acquiring an additional 246 shares during the quarter. Cornerstone Select Advisors LLC’s holdings in ASML were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Rossmore Private Capital lifted its stake in shares of ASML by 0.3% in the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock worth $2,880,000 after buying an additional 14 shares in the last quarter. Norinchukin Bank The lifted its position in ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 15 shares during the period. Coppell Advisory Solutions LLC lifted its position in ASML by 18.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 15 shares during the period. Sage Mountain Advisors LLC lifted its position in ASML by 2.6% during the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 15 shares during the period. Finally, Manchester Capital Management LLC lifted its position in ASML by 15.2% during the first quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

ASML has been the topic of a number of research analyst reports. Barclays restated an “equal weight” rating on shares of ASML in a research report on Tuesday, June 3rd. Sanford C. Bernstein assumed coverage on shares of ASML in a research report on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 price target on the stock. DZ Bank downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 16th. New Street Research upgraded shares of ASML from a “neutral” rating to a “buy” rating in a research report on Thursday, July 24th. Finally, Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Thursday, June 26th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $923.80.

ASML Stock Down 1.7%

Shares of ASML opened at $742.16 on Monday. The stock has a market capitalization of $291.98 billion, a PE ratio of 30.97, a P/E/G ratio of 1.51 and a beta of 1.76. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company’s 50-day simple moving average is $757.89 and its 200-day simple moving average is $725.49.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the business posted $4.01 EPS. The firm’s revenue for the quarter was up 23.2% compared to the same quarter last year. Analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were given a $1.856 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.64. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.0%. ASML’s payout ratio is 26.21%.

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.