Sovereign Financial Group Inc. Takes $234,000 Position in ASML Holding (NASDAQ:ASML)

Sovereign Financial Group Inc. bought a new position in shares of ASML Holding (NASDAQ:ASML) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 241 shares of the semiconductor company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First PREMIER Bank grew its stake in shares of ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares during the period. Toth Financial Advisory Corp grew its position in ASML by 11.5% during the fourth quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 13 shares during the period. Slow Capital Inc. grew its position in ASML by 0.3% during the fourth quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock valued at $3,336,000 after buying an additional 13 shares during the period. Alera Investment Advisors LLC increased its holdings in ASML by 2.9% in the fourth quarter. Alera Investment Advisors LLC now owns 492 shares of the semiconductor company’s stock valued at $372,000 after buying an additional 14 shares in the last quarter. Finally, Marcum Wealth LLC boosted its stake in shares of ASML by 3.2% during the 4th quarter. Marcum Wealth LLC now owns 478 shares of the semiconductor company’s stock worth $362,000 after acquiring an additional 15 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Down 0.7 %

NASDAQ ASML opened at $1,016.60 on Thursday. The business has a fifty day moving average price of $956.18 and a 200 day moving average price of $902.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a market cap of $401.14 billion, a P/E ratio of 51.92, a P/E/G ratio of 2.16 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,077.22.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. Research analysts anticipate that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were issued a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ASML shares. Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Evercore ISI began coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein dropped their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,043.00.

ASML 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.