Diversify Advisory Services LLC raised its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 56.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,736 shares of the semiconductor company's stock after purchasing an additional 1,711 shares during the quarter. Diversify Advisory Services LLC's holdings in ASML were worth $3,155,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Putney Financial Group LLC increased its position in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 29 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of ASML during the first quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of ASML during the first quarter worth about $42,000. Olde Wealth Management LLC purchased a new stake in shares of ASML during the first quarter worth about $42,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of ASML during the first quarter worth about $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on ASML shares. Susquehanna lowered their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company boosted their price objective on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Jefferies Financial Group lowered ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Citigroup reissued a "buy" rating on shares of ASML in a report on Monday, May 19th. Finally, Sanford C. Bernstein started coverage on ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price objective for the company. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of "Moderate Buy" and an average price target of $923.80.
Check Out Our Latest Research Report on ASML
ASML Stock Performance
ASML stock traded down $10.33 during midday trading on Friday, reaching $734.58. The company had a trading volume of 2,562,916 shares, compared to its average volume of 1,754,152. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $769.62 and a 200 day moving average price of $727.77. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The firm has a market capitalization of $289.00 billion, a PE ratio of 30.66, a P/E/G ratio of 1.51 and a beta of 1.73.
ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.01 earnings per share. Analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current year.
ASML Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be given a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a yield of 1.01%. This is an increase from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. ASML's dividend payout ratio is 29.96%.
ASML Company Profile
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Free Report)
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.
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