Park Place Capital Corp Decreases Position in ASML Holding (NASDAQ:ASML)

Park Place Capital Corp lessened its stake in shares of ASML Holding (NASDAQ:ASML) by 23.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 318 shares of the semiconductor company’s stock after selling 96 shares during the period. Park Place Capital Corp’s holdings in ASML were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in ASML in the first quarter valued at approximately $26,000. WD Rutherford LLC purchased a new position in ASML in the first quarter valued at $29,000. LRI Investments LLC acquired a new stake in shares of ASML during the 1st quarter valued at about $37,000. ZRC Wealth Management LLC purchased a new stake in ASML during the 1st quarter valued at about $39,000. Finally, Rocky Mountain Advisers LLC raised its holdings in ASML by 110.0% in the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML traded up $15.95 during trading hours on Monday, hitting $825.30. The company had a trading volume of 2,035,168 shares, compared to its average volume of 1,225,313. The business has a 50 day moving average of $997.56 and a 200-day moving average of $952.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company has a market cap of $325.65 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the company posted $5.37 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be paid a $1.8732 dividend. This represents a $7.49 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Susquehanna increased their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Evercore ISI began coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein cut their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Two 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.