Harvard Management Co. Inc. Acquires 66,000 Shares of ASML Holding (NASDAQ:ASML)

Harvard Management Co. Inc. increased its stake in ASML Holding (NASDAQ:ASML - Free Report) by 239.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,519 shares of the semiconductor company's stock after purchasing an additional 66,000 shares during the period. ASML accounts for 5.8% of Harvard Management Co. Inc.'s portfolio, making the stock its 7th largest position. Harvard Management Co. Inc.'s holdings in ASML were worth $95,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in shares of ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company's stock worth $3,355,000 after purchasing an additional 1,007 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in ASML by 22.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company's stock valued at $1,552,000 after acquiring an additional 371 shares in the last quarter. Cetera Investment Advisers raised its stake in ASML by 169.4% during the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company's stock valued at $22,661,000 after acquiring an additional 14,682 shares in the last quarter. Burford Brothers Inc. bought a new stake in ASML during the 4th quarter valued at $761,000. Finally, Montag A & Associates Inc. raised its stake in ASML by 25,520.0% during the 1st quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company's stock valued at $1,243,000 after acquiring an additional 1,276 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Price Performance

Shares of NASDAQ ASML traded down $13.32 during mid-day trading on Monday, reaching $803.04. The company had a trading volume of 1,148,933 shares, compared to its average volume of 1,260,236. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market cap of $316.87 billion, a PE ratio of 40.74, a P/E/G ratio of 1.96 and a beta of 1.49. The company has a 50-day moving average price of $898.19 and a two-hundred day moving average price of $945.50. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09.

ASML (NASDAQ:ASML - Get Free Report) last issued its 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. The business had revenue of $6.24 billion for the quarter, compared to analysts' expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.37 EPS. On average, equities analysts anticipate that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost from ASML's previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML's payout ratio is presently 28.50%.

Analyst Ratings Changes

Several brokerages have weighed in on ASML. JPMorgan Chase & Co. lifted their target price on ASML from $1,172.00 to $1,202.00 and gave the company an "overweight" rating in a research note on Thursday, July 18th. Barclays raised ASML from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 30th. UBS Group downgraded ASML from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 4th. Wells Fargo & Company boosted their price objective on ASML from $1,150.00 to $1,185.00 and gave the stock an "overweight" rating in a research note on Monday, June 17th. Finally, Susquehanna boosted their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a "positive" rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,147.80.

About ASML

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.