Quest Investment Management LLC Acquires 7,370 Shares of ASML Holding (NASDAQ:ASML)

Quest Investment Management LLC lifted its holdings in ASML Holding (NASDAQ:ASML) by 83.5% during the second quarter, HoldingsChannel reports. The firm owned 16,200 shares of the semiconductor company’s stock after purchasing an additional 7,370 shares during the period. ASML comprises 1.8% of Quest Investment Management LLC’s investment portfolio, making the stock its 17th biggest position. Quest Investment Management LLC’s holdings in ASML were worth $16,568,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC bought a new position in shares of ASML in the first quarter worth about $26,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter worth about $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the second quarter worth about $31,000. First Community Trust NA bought a new position in shares of ASML in the second quarter worth about $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML in the second quarter worth about $36,000. 26.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Trading Down 4.0 %

ASML stock opened at $795.28 on Friday. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The firm has a market cap of $313.81 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49. The business’s 50 day moving average is $870.91 and its 200-day moving average is $939.66. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

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

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a $1.8732 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is currently 28.50%.

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.