Westside Investment Management Inc. Raises Holdings in ASML Holding N.V. $ASML

Westside Investment Management Inc. lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 28.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927 shares of the semiconductor company’s stock after purchasing an additional 206 shares during the period. Westside Investment Management Inc.’s holdings in ASML were worth $742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in ASML by 19.3% in the 2nd quarter. Bank of Montreal Can now owns 165,344 shares of the semiconductor company’s stock worth $132,505,000 after acquiring an additional 26,806 shares during the period. Benchmark Financial Wealth Advisors LLC purchased a new stake in ASML in the 2nd quarter worth approximately $213,000. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in ASML by 1.3% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 12,777 shares of the semiconductor company’s stock worth $10,239,000 after acquiring an additional 166 shares during the period. Telos Capital Management Inc. grew its stake in ASML by 2.7% in the 2nd quarter. Telos Capital Management Inc. now owns 10,387 shares of the semiconductor company’s stock worth $8,324,000 after acquiring an additional 274 shares during the period. Finally, Sigma Planning Corp grew its stake in ASML by 12.0% in the 2nd quarter. Sigma Planning Corp now owns 959 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 103 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,059.23 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $416.58 billion, a price-to-earnings ratio of 43.11, a PEG ratio of 1.76 and a beta of 1.87. The firm’s fifty day simple moving average is $924.66 and its 200 day simple moving average is $804.27. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,086.11.

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

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be issued a $1.857 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is presently 25.76%.

Wall Street Analyst Weigh In

ASML has been the subject of several recent analyst reports. Weiss Ratings raised shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Friday, October 10th. Arete Research upgraded shares of ASML to a “strong-buy” rating in a report on Friday, September 12th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Finally, DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,051.60.

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.