Newport Capital Group LLC Purchases New Shares in ASML Holding (NASDAQ:ASML)

Newport Capital Group LLC acquired a new position in ASML Holding (NASDAQ:ASML) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 211 shares of the semiconductor company’s stock, valued at approximately $216,000.

A number of other large investors have also recently made changes to their positions in ASML. Mercer Global Advisors Inc. ADV raised its holdings in ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the period. Jennison Associates LLC increased its position in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co purchased a new stake in shares of ASML in the first quarter valued at $542,710,000. GQG Partners LLC lifted its holdings in shares of ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ASML shares. JPMorgan Chase & Co. increased their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna lifted their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company boosted their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Down 1.3 %

NASDAQ:ASML opened at $841.54 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company has a 50-day moving average of $855.83 and a 200 day moving average of $933.38. The firm has a market cap of $332.06 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.37 EPS. As a group, research analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.89%. ASML’s dividend payout ratio (DPR) is currently 28.50%.

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.