Innovative Asset Advisors Group LLC Has $11.95 Million Position in ASML Holding N.V. $ASML

Key Points

• Innovative Asset Advisors Group increased its ASML position by 783.5% in the second quarter, holding 6,008 shares worth approximately $11.95 million. ASML now represents 5.2% of the firm’s portfolio and is its second-largest holding.
• Analysts maintain a favorable view of ASML, with a consensus “Moderate Buy” rating and an average price target of $1,970.33; JPMorgan and RBC recently raised their targets to $2,400 and $2,000, respectively.
• ASML reported quarterly revenue of $10.64 billion and EPS of $8.65, while its stock opened at $1,844.45 with a market capitalization of about $725.39 billion. The company pays an annualized dividend of $8.60 per share, yielding 0.5%.

Innovative Asset Advisors Group LLC raised its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 783.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,008 shares of the semiconductor company's stock after buying an additional 5,328 shares during the quarter. ASML comprises about 5.2% of Innovative Asset Advisors Group LLC's holdings, making the stock its 2nd largest position. Innovative Asset Advisors Group LLC's holdings in ASML were worth $11,953,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Boston Common Asset Management LLC bought a new position in ASML during the first quarter worth about $4,355,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company's stock valued at $24,036,000 after buying an additional 760 shares in the last quarter. Keudell Morrison Wealth Management purchased a new stake in shares of ASML during the 4th quarter valued at approximately $1,402,000. Keybank National Association OH boosted its holdings in ASML by 21.3% in the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company's stock worth $69,920,000 after buying an additional 11,459 shares during the period. Finally, Robertson Stephens Wealth Management LLC raised its holdings in ASML by 507.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company's stock valued at $2,883,000 after acquiring an additional 2,251 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on ASML from $2,200.00 to $2,400.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Royal Bank Of Canada increased their price objective on ASML from $1,700.00 to $2,000.00 and gave the stock an "outperform" rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ASML in a research note on Friday, July 10th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ASML in a report on Monday, June 1st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, ASML has a consensus rating of "Moderate Buy" and an average price target of $1,970.33.

ASML Trading Up 0.0%

ASML stock opened at $1,844.45 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The stock has a market cap of $725.39 billion, a P/E ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79. The firm's fifty day moving average price is $1,781.65 and its 200-day moving average price is $1,568.23.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.64 billion during the quarter. Equities research analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML's payout ratio is presently 22.62%.

About ASML

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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