Elefante Mark B Invests $2.13 Million in ASML Holding N.V. $ASML

Elefante Mark B acquired a new stake in shares of ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 1,084 shares of the semiconductor company’s stock, valued at approximately $2,126,000.

Other large investors also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new position in ASML during the fourth quarter valued at approximately $26,000. Portus Wealth Advisors LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $32,000. Resources Management Corp CT ADV boosted its stake in shares of ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the 4th quarter worth $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of ASML in a research report on Friday, July 17th. Sanford C. Bernstein boosted their target price on ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. Finally, Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Stock Performance

NASDAQ ASML opened at $1,763.76 on Monday. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The stock has a 50 day simple moving average of $1,780.20 and a two-hundred day simple moving average of $1,580.59. The stock has a market cap of $693.65 billion, a P/E ratio of 54.88, a price-to-earnings-growth ratio of 0.88 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. On average, analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.

ASML 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.