FourThought Financial Partners LLC Increases Position in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• FourThought Financial Partners LLC has increased its stake in ASML Holding N.V. by 23.7%, acquiring a total of 12,734 shares valued at approximately $8.44 million.
• ASML has faced mixed ratings from analysts, with seven rating it as a hold, six as a buy, and one as a strong buy, reflecting a consensus target price of $923.80.
• The company announced a quarterly dividend increase to $1.856 per share, representing a yield of 1.04%, reflecting growth from its previous dividend of $1.64.

FourThought Financial Partners LLC lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 23.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,734 shares of the semiconductor company's stock after acquiring an additional 2,441 shares during the quarter. FourThought Financial Partners LLC's holdings in ASML were worth $8,438,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Putney Financial Group LLC grew its stake 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. Wayfinding Financial LLC acquired a new position in ASML in the first quarter valued at approximately $35,000. Pinnacle Bancorp Inc. acquired a new position in ASML in the first quarter valued at 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. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of research reports. Erste Group Bank restated a "hold" rating on shares of ASML in a research note on Wednesday. Susquehanna cut their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group cut ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Wells Fargo & Company lifted their price target on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ASML presently has an average rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

ASML stock opened at $711.25 on Friday. The firm's 50 day simple moving average is $765.39 and its 200 day simple moving average is $727.39. 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 firm has a market capitalization of $279.82 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.47 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.

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

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be given a dividend of $1.856 per share. This represents a $7.42 annualized dividend and a yield of 1.04%. This is a positive change from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. ASML's payout ratio is 26.34%.

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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