Miracle Mile Advisors LLC Acquires 13 Shares of ASML Holding (NASDAQ:ASML)

Miracle Mile Advisors LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 287 shares of the semiconductor company’s stock after purchasing an additional 13 shares during the quarter. Miracle Mile Advisors LLC’s holdings in ASML were worth $279,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ASML. International Assets Investment Management LLC boosted its position in ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after buying an additional 245,488 shares during the period. Wellington Management Group LLP boosted its holdings in shares of ASML by 35.6% in the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares during the period. Kodai Capital Management LP bought a new position in ASML in the fourth quarter worth approximately $150,318,000. Jennison Associates LLC increased its holdings in ASML by 15.3% during the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, Sands Capital Management LLC raised its position in ASML by 8.1% during the 4th quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after purchasing an additional 121,847 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ASML has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Sanford C. Bernstein cut their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Finally, Evercore ISI started coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Price Performance

NASDAQ ASML opened at $1,033.49 on Tuesday. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22. The firm’s fifty day simple moving average is $964.40 and its two-hundred day simple moving average is $909.05. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $407.80 billion, a P/E ratio of 52.78, a P/E/G ratio of 2.16 and a beta of 1.49.

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

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

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.