Chicago Capital LLC Acquires 7,670 Shares of ASML Holding (NASDAQ:ASML)

Chicago Capital LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 14.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,239 shares of the semiconductor company’s stock after purchasing an additional 7,670 shares during the quarter. ASML makes up approximately 1.8% of Chicago Capital LLC’s investment portfolio, 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 and Exchange Commission.

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

Wall Street Analysts Forecast Growth

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

ASML Stock Performance

Shares of NASDAQ ASML traded down $42.81 during midday trading on Friday, reaching $752.79. The company had a trading volume of 3,286,765 shares, compared to its average volume of 1,244,682. The stock has a market cap of $297.04 billion, a P/E ratio of 38.45, a P/E/G 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. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The business’s 50-day simple moving average is $925.80 and its 200 day simple moving average 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 for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the previous year, the business earned $5.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. On average, analysts forecast that ASML Holding will post 20.3 earnings per share 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 given a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 1.00%. ASML’s dividend payout ratio (DPR) is currently 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.