Dearborn Partners LLC Purchases Shares of 1,013 ASML Holding N.V. $ASML

Dearborn Partners LLC purchased a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,013 shares of the semiconductor company’s stock, valued at approximately $2,015,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capstone Wealth Management Group LLC increased its position in shares of ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after acquiring an additional 124 shares during the period. AQR Capital Management LLC boosted its holdings in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after purchasing an additional 4,021 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of ASML by 153.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock worth $11,404,000 after purchasing an additional 10,411 shares during the period. Sivia Capital Partners LLC grew its stake in shares of ASML by 1.3% in the second quarter. Sivia Capital Partners LLC now owns 1,168 shares of the semiconductor company’s stock worth $936,000 after purchasing an additional 15 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of ASML by 5.2% in the second quarter. NewEdge Advisors LLC now owns 11,383 shares of the semiconductor company’s stock worth $9,122,000 after purchasing an additional 559 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASML. JPMorgan Chase & Co. increased their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Argus set a $2,100.00 target price on ASML in a report on Thursday, July 16th. Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada lifted their price target on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Four research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Price Performance

ASML stock opened at $1,735.01 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a 50 day moving average price of $1,769.62 and a 200-day moving average price of $1,590.92. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The firm has a market capitalization of $682.34 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 0.87 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.62 billion for the quarter. Equities research analysts forecast that ASML Holding N.V. will post 44.92 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is 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.