Steigerwald Gordon & Koch Inc. Raises Stake in ASML Holding (NASDAQ:ASML)

Steigerwald Gordon & Koch Inc. grew its position in ASML Holding (NASDAQ:ASML) by 17.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 301 shares of the semiconductor company’s stock after buying an additional 45 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in ASML were worth $308,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ASML. Jennison Associates LLC grew its position in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares during the period. Fayez Sarofim & Co bought a new position in shares of ASML in the first quarter worth approximately $542,710,000. GQG Partners LLC boosted its position in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the period. 1832 Asset Management L.P. boosted its position in shares of ASML by 11,084.1% in the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of ASML by 35.6% in the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock worth $587,951,000 after buying an additional 203,860 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASML. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna upped their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Performance

Shares of NASDAQ ASML traded down $5.41 during mid-day trading on Tuesday, hitting $744.41. 221,544 shares of the company were exchanged, compared to its average volume of 1,246,686. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $920.13 and a 200-day simple moving average of $949.68. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The firm has a market cap of $293.74 billion, a price-to-earnings ratio of 38.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the business posted $5.37 earnings per share. On average, sell-side analysts forecast that ASML Holding will post 20.37 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 1.01%. ASML’s payout ratio is 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.