KP Management LLC Buys 2,000 Shares of ASML Holding (NASDAQ:ASML)

KP Management LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 66.7% in the second quarter, Holdings Channel reports. The fund owned 5,000 shares of the semiconductor company’s stock after purchasing an additional 2,000 shares during the quarter. ASML accounts for approximately 1.8% of KP Management LLC’s portfolio, making the stock its 21st largest position. KP Management LLC’s holdings in ASML were worth $5,114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvard Management Co. Inc. grew its holdings in ASML by 239.8% in the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after purchasing an additional 66,000 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after buying an additional 1,007 shares during the period. Point72 DIFC Ltd lifted its position in ASML by 122.1% during the second quarter. Point72 DIFC Ltd now owns 6,415 shares of the semiconductor company’s stock valued at $6,560,000 after purchasing an additional 3,527 shares during the period. Cetera Investment Advisers boosted its stake in shares of ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after buying an additional 14,682 shares during the last quarter. Finally, Burford Brothers Inc. acquired a new stake in shares of ASML during the 4th quarter worth approximately $761,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ASML has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Susquehanna lifted their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Performance

NASDAQ:ASML opened at $822.35 on Wednesday. The firm has a market cap of $324.49 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. ASML Holding has a 1-year low of $567.57 and a 1-year high of $1,110.09. The firm’s fifty day moving average price is $851.46 and its 200 day moving average price is $931.66. 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 (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm posted $5.37 EPS. The company’s revenue was down 9.5% compared to the same quarter last year. On average, sell-side analysts expect that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.91%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.