Peregrine Asset Advisers Inc. purchased a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 350 shares of the semiconductor company's stock, valued at approximately $232,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. Putney Financial Group LLC grew its position in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after purchasing an additional 29 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of ASML during the 1st quarter valued at about $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of ASML during the 1st quarter valued at about $42,000. Olde Wealth Management LLC purchased a new stake in shares of ASML during the 1st quarter valued at about $42,000. Finally, Alpine Bank Wealth Management purchased a new stake in shares of ASML during the 1st quarter valued at about $43,000. 26.07% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ASML has been the topic of several research analyst reports. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Susquehanna cut their target price on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company raised their target price on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. DZ Bank lowered shares of ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Sanford C. Bernstein started 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. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.
Get Our Latest Stock Report on ASML
ASML Trading Down 2.0%
Shares of NASDAQ ASML traded down $14.20 during trading on Tuesday, hitting $705.48. 3,420,141 shares of the company were exchanged, compared to its average volume of 1,762,851. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The company has a fifty day moving average price of $769.62 and a 200-day moving average price of $728.20. The firm has a market capitalization of $277.55 billion, a PE ratio of 29.44, a P/E/G ratio of 1.49 and a beta of 1.73.
ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). The company had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The firm's quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.01 earnings per share. As a group, equities research analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.
ASML Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be paid a $1.856 dividend. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's dividend payout ratio is currently 29.67%.
ASML Company Profile
(
Free Report)
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.
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