VeraBank N.A. Acquires New Shares in ASML Holding N.V. $ASML

VeraBank N.A. purchased a new position in ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,391 shares of the semiconductor company’s stock, valued at approximately $1,115,000.

Several other institutional investors also recently modified their holdings of ASML. Princeton Global Asset Management LLC boosted its holdings in shares of 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 last quarter. Washington Trust Advisors Inc. raised its holdings in shares of ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 22 shares during the last quarter. Maseco LLP bought a new position in ASML during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new stake in ASML in the first quarter worth approximately $27,000. Finally, Costello Asset Management INC grew its position in ASML by 147.1% in the 2nd quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 25 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 2.1%

ASML stock opened at $1,038.79 on Tuesday. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,086.11. The business has a 50 day simple moving average of $958.45 and a two-hundred day simple moving average of $820.81. 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 company has a market capitalization of $408.54 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 1.76 and a beta of 1.88.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping 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 $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the business earned $5.28 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Analyst Ratings Changes

ASML has been the topic of several research analyst reports. Bank Degroof cut ASML to a “hold” rating in a report on Friday, October 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. New Street Research reissued a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of ASML in a research report on Wednesday, October 29th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,076.33.

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.