Somerville Kurt F Takes $3.94 Million Position in ASML Holding N.V. $ASML

Somerville Kurt F acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,010 shares of the semiconductor company’s stock, valued at approximately $3,942,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. Cornerstone Financial Management LLC bought a new position in ASML in the 4th quarter valued at $26,000. Portus Wealth Advisors LLC purchased a new position in shares of ASML during the 1st quarter valued at $32,000. Resources Management Corp CT ADV increased its holdings in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. increased its holdings in shares of ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares during the period. Finally, Jessup Wealth Management Inc purchased a new stake in shares of ASML in the fourth quarter worth $30,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Berenberg Bank restated a “buy” rating on shares of ASML in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price target on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Bank of America lifted their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Royal Bank Of Canada boosted their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

NASDAQ ASML opened at $1,751.73 on Thursday. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The company has a fifty day moving average of $1,785.18 and a 200-day moving average of $1,576.01. The company has a market capitalization of $688.92 billion, a P/E ratio of 54.50, a P/E/G ratio of 0.89 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33.

ASML (NASDAQ:ASML) last released its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion for the quarter. As a group, equities research analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio is presently 22.62%.

ASML Company 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.