Dearborn Partners LLC Takes $897,000 Position in ASML Holding N.V. $ASML

Dearborn Partners LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, HoldingsChannel reports. The firm bought 679 shares of the semiconductor company’s stock, valued at approximately $897,000.

Several other hedge funds have also bought and sold shares of the business. Boston Common Asset Management LLC purchased a new position in ASML during the first quarter worth about $4,355,000. Cambridge Investment Research Advisors Inc. increased its stake in ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after buying an additional 760 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in ASML in the 4th quarter valued at about $1,402,000. Keybank National Association OH lifted its position in shares of ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after buying an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in shares of ASML by 507.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock worth $2,883,000 after buying an additional 2,251 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASML. Sanford C. Bernstein upped their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their target price on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,740.13 on Tuesday. The firm’s 50 day moving average is $1,777.15 and its 200 day moving average is $1,583.01. The stock has a market capitalization of $684.36 billion, a P/E ratio of 54.14, a PEG ratio of 0.88 and a beta of 1.79. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The business had revenue of $10.64 billion for the quarter. On average, sell-side analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is presently 22.62%.

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.