Peregrine Capital Management LLC Has $397,000 Stock Position in ASML Holding N.V. $ASML

Peregrine Capital Management LLC lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 30.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496 shares of the semiconductor company’s stock after selling 217 shares during the period. Peregrine Capital Management LLC’s holdings in ASML were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ASML. Princeton Global Asset Management LLC raised its stake in shares of ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of ASML in the first quarter valued at approximately $27,000. Washington Trust Advisors Inc. raised its stake in shares of ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the last quarter. Maseco LLP bought a new position in shares of ASML in the second quarter valued at approximately $32,000. Finally, Knuff & Co LLC bought a new position in shares of ASML in the first quarter valued at approximately $33,000. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML opened at $1,052.48 on Wednesday. The company has a fifty day moving average price of $905.35 and a two-hundred day moving average price of $794.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,060.73. The firm has a market capitalization of $413.92 billion, a PE ratio of 42.84, a P/E/G ratio of 1.75 and a beta of 1.87.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping 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 firm had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the business earned $5.28 EPS. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

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

Wall Street Analysts Forecast Growth

ASML has been the subject of several research analyst reports. Morningstar cut shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Evercore ISI restated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Arete Research upgraded shares of ASML to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Zacks Research upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

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.