Cidel Asset Management Inc. Has $13.69 Million Stock Holdings in ASML Holding N.V. $ASML

Cidel Asset Management Inc. grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 4,478.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,076 shares of the semiconductor company’s stock after acquiring an additional 16,703 shares during the period. Cidel Asset Management Inc.’s holdings in ASML were worth $13,685,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ASML. T. Rowe Price Investment Management Inc. acquired a new position in shares of ASML in the 1st quarter valued at $360,262,000. Invesco Ltd. grew its holdings in shares of ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the last quarter. Amundi grew its holdings in shares of ASML by 91.6% in the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after purchasing an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. grew its holdings in shares of ASML by 61.0% in the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after purchasing an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after purchasing an additional 199,740 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 0.9%

Shares of NASDAQ:ASML opened at $1,029.27 on Friday. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,059.00. The company’s 50-day moving average price is $864.28 and its two-hundred day moving average price is $774.02. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $404.79 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.72 and a beta of 1.87.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the firm earned $5.28 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ASML shares. Hsbc Global Res raised shares of ASML to a “strong-buy” rating in a report on Monday, October 6th. Mizuho raised shares of ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of ASML in a report on Friday. Susquehanna upped their target price on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company upped their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

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.