Ledyard National Bank Acquires New Shares in ASML Holding N.V. $ASML

Ledyard National Bank acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to its most recent filing with the SEC. The fund acquired 256 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Daymark Wealth Partners LLC lifted its holdings in shares of ASML by 25.3% in the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after buying an additional 941 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of ASML by 97.6% during the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after purchasing an additional 76,023 shares in the last quarter. Strategic Planning Group LLC grew its position in shares of ASML by 12.5% during the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after purchasing an additional 730 shares in the last quarter. Empowered Funds LLC grew its position in shares of ASML by 5.0% during the 1st quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock valued at $7,241,000 after purchasing an additional 519 shares in the last quarter. Finally, Gunderson Capital Management Inc. purchased a new position in shares of ASML during the 2nd quarter valued at $1,702,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 0.4%

Shares of NASDAQ ASML opened at $1,075.45 on Friday. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,086.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm’s 50 day simple moving average is $918.58 and its two-hundred day simple moving average is $799.57. The stock has a market capitalization of $422.95 billion, a P/E ratio of 43.77, a PEG ratio of 1.76 and a beta of 1.87.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates 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 $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the business earned $5.28 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. As a group, analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, October 29th. ASML’s payout ratio is presently 25.68%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a research report on Monday, October 6th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. Susquehanna boosted their price target on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,051.60.

ASML Company 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.