Benson Investment Management Company Inc. bought a new position in ASML Holding N.V. (NASDAQ:ASML – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 7,003 shares of the semiconductor company’s stock, valued at approximately $5,612,000. ASML accounts for about 2.1% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 16th biggest holding.
A number of other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its stake in ASML by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock worth $254,000 after buying an additional 13 shares in the last quarter. Rossmore Private Capital increased its stake in ASML by 0.3% in the 1st quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock worth $2,880,000 after buying an additional 14 shares in the last quarter. Baring Financial LLC increased its stake in ASML by 2.8% in the 2nd quarter. Baring Financial LLC now owns 510 shares of the semiconductor company’s stock worth $409,000 after buying an additional 14 shares in the last quarter. Sage Mountain Advisors LLC increased its stake in ASML by 2.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock worth $399,000 after buying an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in ASML by 15.2% in the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock worth $76,000 after buying an additional 15 shares in the last quarter. 26.07% of the stock is owned by institutional investors.
ASML Trading Down 4.5%
ASML opened at $936.19 on Friday. The firm has a market cap of $368.18 billion, a P/E ratio of 39.07, a P/E/G ratio of 1.66 and a beta of 1.87. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,059.00. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $834.05 and a 200 day moving average of $762.09.
ASML Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a $1.856 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 0.8%. ASML’s payout ratio is 26.21%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on ASML shares. Arete Research upgraded ASML to a “strong-buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. raised their price objective on ASML from $957.00 to $1,175.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Thursday, September 25th. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a research report on Monday, September 29th. Finally, UBS Group restated a “buy” rating on shares of ASML in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,001.60.
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.
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