Dearborn Partners LLC Grows Holdings in ASML Holding N.V. (NASDAQ:ASML)

Dearborn Partners LLC grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 154.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 846 shares of the semiconductor company’s stock after purchasing an additional 514 shares during the quarter. Dearborn Partners LLC’s holdings in ASML were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Norinchukin Bank The raised its stake in ASML by 1.8% in the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock valued at $594,000 after buying an additional 15 shares in the last quarter. Coppell Advisory Solutions LLC boosted its holdings in ASML by 18.5% in 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 in the last quarter. Sage Mountain Advisors LLC increased its stake in ASML by 2.6% in 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 last quarter. Nilsine Partners LLC raised its holdings in ASML by 2.6% during the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company’s stock worth $418,000 after purchasing an additional 16 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of ASML by 3.2% during the 1st quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company’s stock worth $342,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. New Street Research upgraded shares of ASML from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 price objective on the stock. DZ Bank downgraded ASML from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 16th. Erste Group Bank restated a “hold” rating on shares of ASML in a research note on Wednesday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $923.80.

ASML Trading Up 0.4%

Shares of ASML stock opened at $721.45 on Thursday. The company has a market capitalization of $283.83 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 1.46 and a beta of 1.73. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $764.09 and its two-hundred day moving average is $726.99. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05.

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

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be issued a $1.856 dividend. This is an increase from ASML’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.03%. ASML’s payout ratio is presently 26.34%.

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.