Chicago Capital LLC Grows Stock Position in ASML Holding (NASDAQ:ASML)

Chicago Capital LLC lifted its stake in ASML Holding (NASDAQ:ASML) by 14.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,239 shares of the semiconductor company’s stock after buying an additional 7,670 shares during the quarter. ASML makes up 1.8% of Chicago Capital LLC’s holdings, making the stock its 21st largest position. Chicago Capital LLC’s holdings in ASML were worth $60,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC lifted its stake in shares of ASML by 25.7% in the 4th quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 130 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of ASML by 11.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 667 shares of the semiconductor company’s stock worth $505,000 after acquiring an additional 69 shares during the period. Private Advisor Group LLC boosted its stake in shares of ASML by 1.8% during the 4th quarter. Private Advisor Group LLC now owns 5,364 shares of the semiconductor company’s stock worth $4,060,000 after acquiring an additional 96 shares in the last quarter. Lincoln National Corp grew its position in shares of ASML by 3.7% during the 4th quarter. Lincoln National Corp now owns 975 shares of the semiconductor company’s stock valued at $738,000 after acquiring an additional 35 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of ASML in the 4th quarter valued at about $313,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML traded down $42.81 on Friday, reaching $752.79. 3,286,765 shares of the company’s stock were exchanged, compared to its average volume of 1,244,682. The stock has a market cap of $297.04 billion, a PE ratio of 38.45, a P/E/G ratio of 1.91 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The stock’s fifty day moving average price is $925.80 and its 200-day moving average price is $950.52.

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

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.50%.

Analyst Upgrades and Downgrades

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

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.