Security National Bank Increases Position in ASML Holding N.V. $ASML

Security National Bank grew its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 8.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,603 shares of the semiconductor company’s stock after purchasing an additional 895 shares during the period. ASML makes up about 1.7% of Security National Bank’s holdings, making the stock its 12th largest holding. Security National Bank’s holdings in ASML were worth $11,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ASML. Princeton Global Asset Management LLC boosted its holdings in ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the period. Binnacle Investments Inc boosted its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in shares of ASML in the second quarter valued at approximately $30,000. Washington Trust Advisors Inc. increased its stake in ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after buying an additional 22 shares during the period. Finally, Maseco LLP purchased a new position in ASML in the 2nd quarter valued at approximately $32,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on ASML shares. HSBC reissued a “buy” rating on shares of ASML in a research note on Friday, October 17th. Sanford C. Bernstein reiterated a “neutral” rating on shares of ASML in a research note on Thursday, December 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a report on Tuesday, December 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Finally, Barclays reaffirmed a “neutral” rating on shares of ASML in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,171.83.

ASML Stock Performance

Shares of ASML stock opened at $1,072.14 on Wednesday. The firm has a market capitalization of $421.65 billion, a P/E ratio of 43.64, a P/E/G ratio of 1.65 and a beta of 1.87. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,141.72. The firm’s 50 day moving average is $1,053.65 and its two-hundred day moving average is $903.21.

ASML (NASDAQ:ASML) last posted its earnings results 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 firm had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the firm posted $5.28 EPS. The company’s revenue was up .7% on a year-over-year basis. Research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were issued a $1.857 dividend. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is presently 25.80%.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.