Denali Advisors LLC Invests $1.22 Million in ASML Holding N.V. $ASML

Denali Advisors LLC acquired a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 612 shares of the semiconductor company’s stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Common Asset Management LLC bought a new position in shares of ASML during the first quarter worth $4,355,000. Cambridge Investment Research Advisors Inc. increased its position in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after buying an additional 760 shares in the last quarter. Keudell Morrison Wealth Management acquired a new stake in ASML during the 4th quarter worth $1,402,000. Keybank National Association OH raised its stake in ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after buying an additional 11,459 shares during the period. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in ASML by 507.0% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock worth $2,883,000 after acquiring an additional 2,251 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. JPMorgan Chase & Co. increased their target price on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley reissued an “overweight” rating on shares of ASML in a research note on Tuesday, July 7th. Bank of America boosted their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Price Performance

NASDAQ:ASML opened at $1,751.73 on Thursday. The company has a market cap of $688.92 billion, a P/E ratio of 54.50, a P/E/G ratio of 0.89 and a beta of 1.79. The firm’s fifty day moving average price is $1,785.18 and its two-hundred day moving average price is $1,576.01. ASML Holding N.V. has a one year low of $716.20 and a one year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio (DPR) is currently 22.62%.

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.