Wealthspire Advisors LLC Raises Stock Holdings in ASML Holding (NASDAQ:ASML)

Wealthspire Advisors LLC raised its holdings in shares of ASML Holding (NASDAQ:ASML) by 7.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 597 shares of the semiconductor company’s stock after purchasing an additional 42 shares during the quarter. Wealthspire Advisors LLC’s holdings in ASML were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC raised its stake in ASML by 50.0% during the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares in the last quarter. Fayez Sarofim & Co acquired a new stake in shares of ASML during the 1st quarter valued at approximately $542,710,000. GQG Partners LLC lifted its stake in ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in ASML by 11,084.1% in the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after purchasing an additional 243,850 shares during the period. Finally, Wellington Management Group LLP increased its stake in ASML by 35.6% during 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 last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML opened at $803.04 on Tuesday. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09. The stock’s fifty day moving average is $892.70 and its 200-day moving average is $944.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market capitalization of $316.87 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $5.37 EPS. Equities analysts anticipate that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ASML shares. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company raised their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. boosted their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

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.