LPL Financial LLC Purchases 12,712 Shares of ASML Holding N.V. (NASDAQ:ASML)

LPL Financial LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 183,981 shares of the semiconductor company's stock after acquiring an additional 12,712 shares during the quarter. LPL Financial LLC's holdings in ASML were worth $121,598,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ASML. Putney Financial Group LLC increased its position in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in ASML during the first quarter worth $35,000. Pinnacle Bancorp Inc. bought a new position in ASML during the first quarter worth $42,000. Olde Wealth Management LLC bought a new position in ASML during the first quarter worth $42,000. Finally, Alpine Bank Wealth Management bought a new position in ASML during the first quarter worth $43,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.7%

Shares of ASML stock traded down $4.89 during trading hours on Friday, reaching $689.82. The company's stock had a trading volume of 1,621,502 shares, compared to its average volume of 1,771,995. ASML Holding N.V. has a one year low of $578.51 and a one year high of $945.05. The company has a market capitalization of $271.39 billion, a P/E ratio of 28.79, a P/E/G ratio of 1.46 and a beta of 1.73. The stock's fifty day simple moving average is $763.17 and its two-hundred day simple moving average is $726.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share 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 firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the business earned $4.01 earnings per share. The firm's revenue for the quarter was up 23.2% on a year-over-year basis. On average, research analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.1%. ASML's payout ratio is 26.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ASML. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company increased their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. DZ Bank lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Erste Group Bank reissued a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. Finally, New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ASML has an average rating of "Moderate Buy" and a consensus target price of $923.80.

ASML Company 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.