Legal Advantage Investments Inc. Acquires 510 Shares of ASML Holding N.V. $ASML

Legal Advantage Investments Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,140 shares of the semiconductor company’s stock after purchasing an additional 510 shares during the quarter. ASML comprises about 2.7% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 13th largest position. Legal Advantage Investments Inc.’s holdings in ASML were worth $5,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. Capstone Wealth Management Group LLC increased its position in ASML by 5.2% in the 1st 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 in the last quarter. Nuveen LLC bought a new stake in shares of ASML during the first quarter valued at approximately $1,376,000. Panagora Asset Management Inc. increased its holdings in shares of ASML by 17.1% in the first quarter. Panagora Asset Management Inc. now owns 7,872 shares of the semiconductor company’s stock valued at $5,216,000 after purchasing an additional 1,149 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of ASML in the first quarter valued at approximately $521,000. Finally, Focus Partners Advisor Solutions LLC raised its position in ASML by 15.9% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,251 shares of the semiconductor company’s stock worth $829,000 after purchasing an additional 172 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML opened at $1,065.99 on Tuesday. The stock has a market cap of $419.23 billion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.87. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,141.72. The stock’s 50-day moving average price is $1,052.71 and its two-hundred day moving average price is $901.02. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

ASML (NASDAQ:ASML) last announced its quarterly 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 return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the business posted $5.28 EPS. ASML’s revenue was up .7% on a year-over-year basis. On average, equities analysts predict that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on ASML. Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price target on ASML from $1,175.00 to $1,275.00 and gave the company a “buy” rating in a report on Monday, December 1st. HSBC reiterated a “buy” rating on shares of ASML in a research report on Friday, October 17th. Sanford C. Bernstein restated a “neutral” rating on shares of ASML in a research report on Thursday, December 11th. Finally, Arete Research upgraded shares of ASML to a “strong-buy” rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,171.83.

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.