Concurrent Investment Advisors LLC Buys 22 Shares of ASML Holding (NASDAQ:ASML)

Concurrent Investment Advisors LLC increased its stake in ASML Holding (NASDAQ:ASML) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,123 shares of the semiconductor company’s stock after purchasing an additional 22 shares during the period. Concurrent Investment Advisors LLC’s holdings in ASML were worth $1,148,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of ASML. Russell Investments Group Ltd. raised its position in shares of ASML by 42.8% in the 4th quarter. Russell Investments Group Ltd. now owns 17,047 shares of the semiconductor company’s stock valued at $12,904,000 after buying an additional 5,110 shares in the last quarter. Savant Capital LLC lifted its stake in ASML by 16.7% during the fourth quarter. Savant Capital LLC now owns 516 shares of the semiconductor company’s stock worth $390,000 after purchasing an additional 74 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of ASML by 0.5% in the 4th quarter. Victory Capital Management Inc. now owns 40,750 shares of the semiconductor company’s stock valued at $30,844,000 after purchasing an additional 195 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of ASML by 7.2% in the 4th quarter. First Horizon Advisors Inc. now owns 269 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 18 shares during the last quarter. Finally, Aveo Capital Partners LLC raised its holdings in shares of ASML by 25.7% during the 4th quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock worth $481,000 after buying an additional 130 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ASML. Wells Fargo & Company raised their price objective 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. JPMorgan Chase & Co. raised their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Susquehanna upped their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of NASDAQ:ASML opened at $903.87 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The firm has a market cap of $356.66 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. The firm’s fifty day moving average is $945.48 and its 200-day moving average is $954.60.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.37 EPS. Sell-side analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is currently 28.55%.

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.