Angeles Wealth Management LLC acquired a new position in shares of ASML Holding (NASDAQ:ASML – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 335 shares of the semiconductor company’s stock, valued at approximately $243,000.
Other hedge funds have also bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its holdings in ASML by 26.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 5,797 shares of the semiconductor company’s stock valued at $4,201,000 after acquiring an additional 1,219 shares during the period. Virtu Financial LLC bought a new position in shares of ASML in the second quarter worth about $1,763,000. Bank of New York Mellon Corp increased its stake in ASML by 30.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 218,517 shares of the semiconductor company’s stock worth $158,370,000 after buying an additional 51,487 shares during the period. WASHINGTON TRUST Co lifted its holdings in ASML by 1.0% during the 2nd quarter. WASHINGTON TRUST Co now owns 19,345 shares of the semiconductor company’s stock valued at $14,020,000 after buying an additional 192 shares in the last quarter. Finally, Salem Investment Counselors Inc. grew its stake in ASML by 26.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 677 shares of the semiconductor company’s stock worth $491,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 18.94% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Sanford C. Bernstein lowered ASML from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $810.00 to $785.00 in a report on Friday, July 28th. JPMorgan Chase & Co. decreased their price objective on ASML from $732.00 to $726.00 and set an “overweight” rating for the company in a report on Thursday, October 19th. Susquehanna dropped their target price on shares of ASML from $850.00 to $810.00 and set a “positive” rating on the stock in a report on Thursday, October 12th. StockNews.com began coverage on shares of ASML in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Raymond James began coverage on shares of ASML in a research note on Tuesday, October 17th. They set a “strong-buy” rating and a $725.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $757.29.
ASML Price Performance
NASDAQ ASML opened at $686.09 on Friday. The firm’s fifty day simple moving average is $608.82 and its two-hundred day simple moving average is $663.15. The firm has a market capitalization of $270.72 billion, a P/E ratio of 33.29, a P/E/G ratio of 1.31 and a beta of 1.46. The company has a current ratio of 1.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.38. ASML Holding has a 12-month low of $529.01 and a 12-month high of $771.98.
ASML (NASDAQ:ASML – Get Free Report) last posted its quarterly earnings data on Wednesday, October 18th. The semiconductor company reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $5.00 by $0.23. ASML had a return on equity of 73.29% and a net margin of 28.44%. The firm had revenue of $7.26 billion during the quarter, compared to analysts’ expectations of $7.49 billion. Analysts forecast that ASML Holding will post 20.62 EPS for the current fiscal year.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, November 2nd were issued a dividend of $1.5337 per share. The ex-dividend date was Wednesday, November 1st. This represents a $6.13 annualized dividend and a dividend yield of 0.89%. ASML’s dividend payout ratio (DPR) is currently 25.23%.
ASML Company Profile
ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company 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.
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