Fifth Third Wealth Advisors LLC Takes $224,000 Position in ASML Holding (NASDAQ:ASML)

Fifth Third Wealth Advisors LLC bought a new stake in ASML Holding (NASDAQ:ASML) during the second quarter, Holdings Channel reports. The institutional investor bought 219 shares of the semiconductor company’s stock, valued at approximately $224,000.

A number of other institutional investors have also modified their holdings of ASML. Fisher Asset Management LLC boosted its position in shares of ASML by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after purchasing an additional 105,196 shares in the last quarter. Jennison Associates LLC boosted its position in shares of ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after buying an additional 572,996 shares in the last quarter. GQG Partners LLC lifted its holdings in ASML by 21.6% in the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. Sands Capital Management LLC lifted its holdings in ASML by 8.1% in the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after purchasing an additional 121,847 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in ASML by 2.7% in the 4th quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock valued at $944,028,000 after purchasing an additional 32,623 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna increased their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company upped their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Performance

ASML stock opened at $907.71 on Friday. The stock has a market cap of $358.17 billion, a P/E ratio of 46.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. 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 50 day moving average of $964.08 and a 200-day moving average of $955.20. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6 billion. During the same period last year, the business posted $5.37 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts expect that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.83%. ASML’s dividend payout ratio (DPR) is 28.50%.

ASML 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.