Telemark Asset Management LLC Acquires Shares of 10,000 ASML Holding N.V. $ASML

Telemark Asset Management LLC acquired a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the semiconductor company’s stock, valued at approximately $8,014,000.

A number of other hedge funds also recently modified their holdings of ASML. Daymark Wealth Partners LLC raised its stake in ASML by 25.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after purchasing an additional 941 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after purchasing an additional 76,023 shares during the period. Soltis Investment Advisors LLC raised its position in shares of ASML by 67.9% in the second quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock valued at $3,365,000 after buying an additional 1,698 shares in the last quarter. Strategic Planning Group LLC boosted its stake in shares of ASML by 12.5% in the second 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 period. Finally, Vanguard Personalized Indexing Management LLC grew its position in ASML by 6.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock worth $15,153,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the subject of several analyst reports. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a research note on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Finally, Redburn Partners set a $1,200.00 price objective on shares of ASML in a research note on Friday, November 7th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,076.33.

ASML Stock Performance

NASDAQ:ASML opened at $981.04 on Friday. 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 fifty-two week low of $578.51 and a fifty-two week high of $1,086.11. The company has a 50 day simple moving average of $997.14 and a two-hundred day simple moving average of $837.81. The company has a market capitalization of $385.83 billion, a PE ratio of 39.93, a P/E/G ratio of 1.76 and a beta of 1.88.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating 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 company had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the firm posted $5.28 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Research 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 disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.8%. ASML’s dividend payout ratio is 25.76%.

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.