Old West Investment Management LLC Has $3.24 Million Stock Holdings in ASML Holding N.V. $ASML

Old West Investment Management LLC lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 74.1% in the second quarter, Holdings Channel.com reports. The fund owned 4,040 shares of the semiconductor company’s stock after purchasing an additional 1,720 shares during the quarter. Old West Investment Management LLC’s holdings in ASML were worth $3,238,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. bought a new position in ASML during the first quarter worth about $360,262,000. Invesco Ltd. raised its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after buying an additional 367,505 shares in the last quarter. Amundi lifted its position in shares of ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after buying an additional 307,214 shares during the period. First Manhattan CO. LLC. boosted its stake in ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after buying an additional 268,172 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of analyst reports. HSBC reissued a “buy” rating on shares of ASML in a report on Friday, October 17th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Arete Research raised shares of ASML to a “strong-buy” rating in a report on Friday, September 12th. Susquehanna boosted their price target on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Price Performance

ASML opened at $1,019.86 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The stock has a market capitalization of $401.09 billion, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The company’s 50 day simple moving average is $975.72 and its 200-day simple moving average is $826.09. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,086.11.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.71 billion during the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. ASML’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.28 EPS. Sell-side analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is 25.76%.

ASML 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.