Princeton Global Asset Management LLC Grows Position in ASML Holding N.V. $ASML

Princeton Global Asset Management LLC raised its position in ASML Holding N.V. (NASDAQ:ASML) by 153.8% during the second quarter, HoldingsChannel.com reports. The firm owned 33 shares of the semiconductor company’s stock after buying an additional 20 shares during the quarter. Princeton Global Asset Management LLC’s holdings in ASML were worth $26,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after purchasing an additional 199,740 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ASML by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock worth $600,175,000 after purchasing an additional 7,164 shares during the period. Invesco Ltd. raised its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the period. Fayez Sarofim & Co raised its holdings in shares of ASML by 2.7% in the 1st quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock worth $470,910,000 after purchasing an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. raised its holdings in shares of ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after buying an additional 268,172 shares during the period. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ASML. Morgan Stanley upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of ASML in a report on Wednesday, October 8th. Morningstar downgraded ASML to a “hold” rating in a report on Thursday, September 18th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a report on Monday, October 13th. Finally, Barclays reiterated an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Price Performance

Shares of NASDAQ ASML opened at $1,025.02 on Wednesday. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,059.00. The business has a 50 day moving average price of $876.36 and a two-hundred day moving average price of $779.84. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $403.12 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the firm earned $5.28 EPS. ASML’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. ASML’s payout ratio is 25.56%.

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.