Hemenway Trust Co LLC Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Hemenway Trust Co LLC increased its position in shares of ASML Holding (NASDAQ:ASML) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,128 shares of the semiconductor company’s stock after purchasing an additional 50 shares during the period. Hemenway Trust Co LLC’s holdings in ASML were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of ASML during the 1st quarter worth about $26,000. WD Rutherford LLC acquired a new stake in shares of ASML during the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the 2nd quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC acquired a new stake in ASML in the 4th quarter valued at approximately $34,000. Finally, First Community Trust NA acquired a new stake in ASML in the 2nd quarter valued at approximately $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ASML shares. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Susquehanna raised their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Stock Down 2.9 %

Shares of NASDAQ ASML traded down $23.10 during mid-day trading on Friday, reaching $772.50. The company had a trading volume of 551,074 shares, compared to its average volume of 1,229,223. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,110.09. The stock has a market cap of $304.82 billion, a P/E ratio of 40.63, a PEG ratio of 1.91 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $931.20 and a two-hundred day simple moving average of $951.74.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.37 earnings per share. Sell-side analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is presently 28.50%.

ASML Company 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.