Kavar Capital Partners Group LLC Acquires 871 Shares of ASML Holding N.V. $ASML

Kavar Capital Partners Group LLC boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 76.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,015 shares of the semiconductor company’s stock after buying an additional 871 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in ASML were worth $1,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its holdings in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 20 shares during the last quarter. Binnacle Investments Inc boosted its position in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in ASML during the second quarter valued at approximately $30,000. Washington Trust Advisors Inc. raised its position in shares of ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 22 shares during the period. Finally, Maseco LLP bought a new position in shares of ASML in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ASML shares. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Morningstar lowered shares of ASML to a “hold” rating in a research report on Thursday, September 18th. Wells Fargo & Company raised their price target on ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Zacks Research lowered ASML from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Rothschild & Co Redburn upgraded ASML from a “neutral” rating to a “buy” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Stock Performance

NASDAQ:ASML opened at $1,072.75 on Monday. The firm’s 50-day moving average is $1,052.23 and its 200-day moving average is $899.05. The company has a market cap of $421.89 billion, a price-to-earnings ratio of 43.66, a PEG ratio of 1.66 and a beta of 1.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,141.72.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the company earned $5.28 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

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

ASML Company 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.