IMA Advisory Services Inc. Takes $659,000 Position in ASML Holding N.V. (NASDAQ:ASML)

IMA Advisory Services Inc. acquired a new position in ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 995 shares of the semiconductor company's stock, valued at approximately $659,000.

A number of other institutional investors have also recently made changes to their positions in ASML. Norinchukin Bank The increased its position in shares of ASML by 1.8% during the fourth quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company's stock worth $594,000 after acquiring an additional 15 shares during the period. Coppell Advisory Solutions LLC increased its holdings in ASML by 18.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company's stock valued at $67,000 after buying an additional 15 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company's stock valued at $399,000 after buying an additional 15 shares during the last quarter. Nilsine Partners LLC increased its holdings in ASML by 2.6% in the first quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after buying an additional 16 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in ASML by 3.2% in the first quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company's stock valued at $342,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Stock Performance

Shares of ASML traded up $8.15 during mid-day trading on Thursday, hitting $725.08. 2,029,802 shares of the company's stock were exchanged, compared to its average volume of 2,212,625. 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 $285.26 billion, a P/E ratio of 30.26, a P/E/G ratio of 1.45 and a beta of 1.73. The business's 50 day moving average is $766.13 and its two-hundred day moving average is $727.71. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data 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 firm 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%. ASML's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.01 EPS. On average, equities analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be given a $1.856 dividend. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.02%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is presently 29.67%.

Wall Street Analysts Forecast Growth

ASML has been the topic of several recent analyst reports. 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. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a report on Thursday. Sanford C. Bernstein began coverage on ASML in a report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Finally, Susquehanna dropped their price objective on ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $923.80.

About ASML

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.