ASML Holding N.V. (NASDAQ:ASML) Shares Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 31.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,621 shares of the semiconductor company's stock after purchasing an additional 875 shares during the period. Principle Wealth Partners LLC's holdings in ASML were worth $2,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Putney Financial Group LLC raised its stake in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of ASML during the 1st quarter worth approximately $35,000. Pinnacle Bancorp Inc. acquired a new position in shares of ASML during the 1st quarter worth approximately $42,000. Olde Wealth Management LLC acquired a new position in ASML in the first quarter valued at approximately $42,000. Finally, Alpine Bank Wealth Management acquired a new position in ASML in the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASML. Wells Fargo & Company boosted their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. DZ Bank downgraded ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Barclays reissued an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target on the stock. Finally, Erste Group Bank reiterated a "hold" rating on shares of ASML in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Price Performance

Shares of NASDAQ:ASML traded down $13.83 during trading on Friday, hitting $711.25. 2,309,141 shares of the stock were exchanged, compared to its average volume of 2,229,190. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $766.13 and a two-hundred day moving average price of $727.71. The company has a market cap of $279.82 billion, a PE ratio of 29.68, a P/E/G ratio of 1.47 and a beta of 1.73.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The company had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. During the same period in the previous year, the company posted $4.01 EPS. ASML's quarterly revenue was up 23.2% compared to the same quarter last year. On average, analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 29.67%.

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.