PAX Financial Group LLC Increases Position in ASML Holding N.V. (NASDAQ:ASML)

PAX Financial Group LLC boosted its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 168.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 962 shares of the semiconductor company's stock after acquiring an additional 604 shares during the period. PAX Financial Group LLC's holdings in ASML were worth $638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Business Financial Services Inc. acquired a new position in shares of ASML in the 1st quarter valued at $488,000. Graybill Wealth Management LTD. acquired a new position in shares of ASML in the 1st quarter valued at $3,333,000. Dakota Wealth Management boosted its holdings in shares of ASML by 93.3% in the 1st quarter. Dakota Wealth Management now owns 1,856 shares of the semiconductor company's stock valued at $1,230,000 after buying an additional 896 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of ASML by 7.1% in the 1st quarter. Apollon Wealth Management LLC now owns 8,568 shares of the semiconductor company's stock valued at $5,678,000 after buying an additional 566 shares in the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of ASML in the 1st quarter valued at $4,342,000. Institutional investors and hedge funds own 26.07% of the company's stock.

ASML Stock Performance

ASML stock traded down $9.08 during trading hours on Friday, reaching $735.83. 2,044,245 shares of the stock were exchanged, compared to its average volume of 1,754,355. The stock has a market cap of $289.49 billion, a P/E ratio of 30.71, a P/E/G ratio of 1.58 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.52. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $957.21. The firm's 50 day moving average is $769.05 and its 200 day moving average is $727.48.

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 for the quarter, compared to analysts' expectations of $8.72 billion. ASML had a return on equity of 50.31% and a net margin of 26.95%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.01 EPS. Analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be issued a $1.856 dividend. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, July 29th. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is currently 29.96%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ASML shares. Jefferies Financial Group cut shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Sanford C. Bernstein initiated coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price for the company. Wells Fargo & Company upped their price target on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. Five equities research 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 stock. According to data from MarketBeat, the stock currently has an average 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.