Inspire Advisors LLC Grows Stake in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Inspire Advisors LLC increased its holdings in ASML Holding N.V. by 93.3% in the first quarter, owning 1,529 shares valued at approximately $1.01 million at the end of the reporting period.
• ASML reported earnings of $4.55 EPS, missing the consensus estimate, but its quarterly revenue increased by 23.2% compared to last year, totaling approximately $8.94 billion.
• The company announced a quarterly dividend of $1.856 per share, an increase from the previous dividend, representing a 1.04% yield.

Inspire Advisors LLC boosted its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 93.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,529 shares of the semiconductor company's stock after buying an additional 738 shares during the period. Inspire Advisors LLC's holdings in ASML were worth $1,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norinchukin Bank The boosted its stake in 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 buying an additional 15 shares during the last quarter. Coppell Advisory Solutions LLC raised its position 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 purchasing an additional 15 shares during the period. Sage Mountain Advisors LLC raised its position 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 purchasing an additional 15 shares during the period. Nilsine Partners LLC raised its position 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 purchasing an additional 16 shares during the period. Finally, First Horizon Advisors Inc. raised its position 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 purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 26.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASML. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. Barclays reissued an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Wells Fargo & Company upped their target price on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

Shares of ASML stock traded up $2.36 during trading hours on Wednesday, reaching $720.85. 586,328 shares of the company's stock were exchanged, compared to its average volume of 1,759,273. The company has a market cap of $283.60 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.48 and a beta of 1.73. The company's 50 day moving average is $764.41 and its two-hundred day moving average is $727.03. 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 0.81.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results 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). The business had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The business's quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the company posted $4.01 earnings per share. Equities research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal 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 paid a $1.856 dividend. This is an increase from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's dividend payout ratio (DPR) is presently 29.67%.

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.