Hennessy Advisors Inc. acquired a new stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 152 shares of the semiconductor company’s stock, valued at approximately $122,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in ASML by 97.6% in the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after buying an additional 76,023 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in ASML by 12.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock valued at $266,000 after buying an additional 44 shares during the last quarter. Strategic Planning Group LLC boosted its position in ASML by 12.5% in the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock valued at $5,251,000 after buying an additional 730 shares during the last quarter. Rhumbline Advisers boosted its position in ASML by 12.7% in the 1st quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock valued at $5,571,000 after buying an additional 947 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in ASML by 5.0% in the 1st quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock valued at $7,241,000 after buying an additional 519 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.
ASML Trading Up 0.2%
ASML stock opened at $1,032.22 on Monday. The firm has a 50 day simple moving average of $806.14 and a 200-day simple moving average of $753.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The stock has a market capitalization of $406.10 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.87. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,040.23.
ASML Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were issued a $1.856 dividend. This represents a $7.42 annualized dividend and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.64. The ex-dividend date was Tuesday, July 29th. ASML’s payout ratio is 26.21%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of ASML in a research note on Tuesday, September 16th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of ASML in a research note on Saturday, September 27th. Arete Research upgraded shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of ASML in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $923.80.
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.
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