Polaris Financial Partners Makes New Investment in ASML Holding N.V. $ASML

Polaris Financial Partners purchased a new position in ASML Holding N.V. (NASDAQ:ASML) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 402 shares of the semiconductor company’s stock, valued at approximately $730,000.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock worth $4,892,869,000 after purchasing an additional 592,125 shares in the last quarter. BlackRock Inc. lifted its stake in ASML by 4.9% in the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock valued at $2,550,840,000 after buying an additional 59,888 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in ASML by 6.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock worth $2,168,227,000 after buying an additional 96,860 shares during the last quarter. Bank of America Corp DE boosted its holdings in ASML by 1.2% in the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock worth $2,060,833,000 after buying an additional 19,051 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in ASML by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock worth $1,364,963,000 after buying an additional 18,768 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML stock traded up $58.82 on Friday, hitting $1,867.31. 1,344,406 shares of the company were exchanged, compared to its average volume of 1,759,883. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $1,718.54 and a 200 day moving average price of $1,642.04. The stock has a market capitalization of $734.38 billion, a price-to-earnings ratio of 58.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.77. ASML Holding N.V. has a 1-year low of $935.41 and a 1-year high of $1,999.96.

ASML (NASDAQ:ASML) last posted its quarterly 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 firm had revenue of $10.62 billion during the quarter. As a group, sell-side analysts predict that ASML Holding N.V. will post 44.01 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were issued a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. This is a decrease from ASML’s previous quarterly dividend of $3.1771. ASML’s dividend payout ratio (DPR) is currently 22.62%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of ASML in a report on Friday, July 17th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Wednesday. UBS Group reissued a “buy” rating on shares of ASML in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a report on Monday, September 14th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment projects patterns onto silicon wafers, enabling the creation of increasingly smaller and more powerful semiconductor features.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, deep ultraviolet (DUV) lithography systems, and related metrology and inspection solutions.