Cerity Partners LLC Buys 6,858 Shares of ASML Holding N.V. $ASML

Cerity Partners LLC grew its position in ASML Holding N.V. (NASDAQ:ASML) by 9.7% in the second quarter, Holdings Channel reports. The fund owned 77,318 shares of the semiconductor company’s stock after acquiring an additional 6,858 shares during the quarter. Cerity Partners LLC’s holdings in ASML were worth $61,963,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Gamco Investors INC. ET AL raised its position in ASML by 18.9% in the second quarter. Gamco Investors INC. ET AL now owns 6,018 shares of the semiconductor company’s stock valued at $4,823,000 after purchasing an additional 957 shares during the last quarter. Clear Street LLC bought a new stake in shares of ASML during the second quarter worth about $4,472,000. Quantum Portfolio Management LLC increased its stake in shares of ASML by 14.6% in the second quarter. Quantum Portfolio Management LLC now owns 661 shares of the semiconductor company’s stock valued at $530,000 after buying an additional 84 shares during the period. Avestar Capital LLC raised its holdings in ASML by 29.4% in the 2nd quarter. Avestar Capital LLC now owns 1,018 shares of the semiconductor company’s stock valued at $816,000 after buying an additional 231 shares during the last quarter. Finally, StoneX Group Inc. boosted its position in ASML by 53.2% during the 2nd quarter. StoneX Group Inc. now owns 625 shares of the semiconductor company’s stock worth $501,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Wells Fargo & Company increased their price objective on ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Bank Degroof lowered ASML to a “hold” rating in a research report on Friday, October 10th. Finally, Rothschild Redb raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,171.83.

ASML Price Performance

ASML stock opened at $1,099.47 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $432.40 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.71 and a beta of 1.87. The company’s fifty day simple moving average is $1,028.77 and its 200 day simple moving average is $864.67. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,141.72.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $5.28 EPS. On average, analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were paid a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is presently 25.80%.

About ASML

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.