EverSource Wealth Advisors LLC Acquires 4,785 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• EverSource Wealth Advisors LLC increased its stake in ASML Holding N.V. by 64.2%, acquiring an additional 4,785 shares, bringing its total holdings to 12,241 shares valued at approximately $8.11 million.
• ASML reported a missed earnings estimate of $4.55 per share, below the consensus of $5.94, although revenue for the quarter was up 23.2% year-over-year at $8.94 billion.
• The company recently increased its quarterly dividend from $1.64 to $1.856 per share, reflecting a positive change and a dividend yield of 1.0%.

EverSource Wealth Advisors LLC lifted its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 64.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,241 shares of the semiconductor company's stock after acquiring an additional 4,785 shares during the period. EverSource Wealth Advisors LLC's holdings in ASML were worth $8,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ASML. Putney Financial Group LLC increased its holdings in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in ASML in the first quarter worth approximately $27,000. Wayfinding Financial LLC bought a new stake in ASML in the first quarter worth approximately $35,000. Pinnacle Bancorp Inc. bought a new stake in ASML in the first quarter worth approximately $42,000. Finally, Olde Wealth Management LLC bought a new stake in ASML in the first quarter worth approximately $42,000. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

Shares of ASML opened at $755.21 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The firm has a market cap of $297.11 billion, a PE ratio of 31.52, a PEG ratio of 1.53 and a beta of 1.76. The stock's fifty day moving average price is $758.10 and its two-hundred day moving average price is $725.08.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter in the previous year, the firm posted $4.01 earnings per share. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were issued a dividend of $1.856 per share. The ex-dividend date of this dividend was Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a dividend yield of 1.0%. ASML's payout ratio is presently 26.21%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. Citigroup restated a "buy" rating on shares of ASML in a report on Monday, May 19th. Erste Group Bank restated a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Susquehanna decreased 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. Finally, Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Seven 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's stock. According to data from MarketBeat, ASML presently has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

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.

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