World Equity Group Inc. Invests $1.37 Million in ASML Holding N.V. $ASML

Key Points

• World Equity Group purchased 690 ASML shares worth approximately $1.37 million in the second quarter, while several other institutional investors also increased their holdings. Institutional investors collectively own 26.07% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $1,970.33. The stock opened at $1,740.99 and has a 52-week range of $710.45 to $1,999.96.
• ASML reported quarterly earnings of $8.65 per share on $10.64 billion in revenue, with a 30.11% net margin. Its latest dividend equates to an annualized $8.60 per share and a 0.5% yield.

World Equity Group Inc. purchased a new stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 690 shares of the semiconductor company's stock, valued at approximately $1,373,000.

Several other large investors have also made changes to their positions in the company. Focus Financial Network Inc. grew its position in ASML by 4.2% in the second quarter. Focus Financial Network Inc. now owns 273 shares of the semiconductor company's stock worth $543,000 after acquiring an additional 11 shares in the last quarter. Aletheian Wealth Advisors LLC raised its holdings in shares of ASML by 28.7% during the 2nd quarter. Aletheian Wealth Advisors LLC now owns 202 shares of the semiconductor company's stock valued at $402,000 after purchasing an additional 45 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of ASML by 23.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,371 shares of the semiconductor company's stock valued at $12,675,000 after purchasing an additional 1,230 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of ASML by 7.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,567 shares of the semiconductor company's stock valued at $5,108,000 after purchasing an additional 167 shares during the last quarter. Finally, Crumly & Associates Inc. acquired a new stake in shares of ASML in the 2nd quarter valued at $217,000. Institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

ASML has been the topic of several analyst reports. Freedom Capital raised shares of ASML from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 16th. Argus set a $2,100.00 price target on ASML in a research report on Thursday, July 16th. UBS Group reiterated a "buy" rating on shares of ASML in a research note on Wednesday, July 1st. Jefferies Financial Group reissued a "neutral" rating on shares of ASML in a report on Monday, June 1st. Finally, Berenberg Bank reissued a "buy" rating on shares of ASML in a research note on Friday, May 8th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,740.99 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. The stock's 50-day moving average is $1,770.13 and its 200-day moving average is $1,553.08. The company has a market cap of $684.70 billion, a P/E ratio of 54.17, a P/E/G ratio of 0.87 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $710.45 and a 52-week high of $1,999.96.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion during the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Equities research analysts predict that ASML Holding N.V. will post 44.79 earnings per share for the current 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 given a $2.1507 dividend. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML's dividend payout ratio is currently 22.62%.

ASML Company Profile

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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