ASML Holding N.V. (NASDAQ:ASML) Stock Position Raised by Covenant Asset Management LLC

Covenant Asset Management LLC increased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 1,126.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,300 shares of the semiconductor company's stock after acquiring an additional 7,623 shares during the period. ASML makes up about 1.2% of Covenant Asset Management LLC's portfolio, making the stock its 19th largest holding. Covenant Asset Management LLC's holdings in ASML were worth $5,500,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sfmg LLC raised its holdings in shares of ASML by 3.0% during the fourth quarter. Sfmg LLC now owns 511 shares of the semiconductor company's stock valued at $354,000 after acquiring an additional 15 shares during the last quarter. Norinchukin Bank The raised its holdings in shares of ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock valued at $594,000 after acquiring an additional 15 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in shares of ASML by 18.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after acquiring an additional 15 shares during the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of ASML by 2.6% during the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after acquiring an additional 15 shares during the last quarter. Finally, Nilsine Partners LLC raised its holdings in shares of ASML by 2.6% during the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after acquiring an additional 16 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 1.4%

ASML traded down $10.33 on Friday, reaching $734.58. The company's stock had a trading volume of 2,562,916 shares, compared to its average volume of 1,752,628. The stock has a market cap of $289.00 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.49 and a beta of 1.73. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.91. The business's 50 day moving average is $769.62 and its 200 day moving average is $728.01.

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

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be given a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. ASML's dividend payout ratio is presently 26.34%.

Analysts Set New Price Targets

A number of research firms have weighed in on ASML. Wells Fargo & Company raised their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Susquehanna cut their target price on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Citigroup reaffirmed a "buy" rating on shares of ASML in a research report on Monday, May 19th. Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target on the stock. Finally, Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ASML presently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Company 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.