Resources Management Corp CT ADV Takes $26,000 Position in ASML Holding (NASDAQ:ASML)

Resources Management Corp CT ADV bought a new position in ASML Holding (NASDAQ:ASML) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 25 shares of the semiconductor company’s stock, valued at approximately $26,000.

A number of other institutional investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after acquiring an additional 870,010 shares during the period. Jennison Associates LLC boosted its stake in ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new stake in ASML during the 1st quarter valued at approximately $542,710,000. GQG Partners LLC raised its position in shares of ASML by 21.6% during the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of 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 buying an additional 243,850 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Wells Fargo & Company increased 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. UBS Group downgraded 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, September 20th. Finally, Susquehanna boosted their price target 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. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Trading Up 1.3 %

Shares of ASML opened at $814.00 on Wednesday. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $860.62 and its 200-day simple moving average is $936.22. The company has a market cap of $321.20 billion, a P/E ratio of 41.57, a P/E/G ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) 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 business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the business earned $5.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts expect that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a dividend yield of 0.92%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is 28.50%.

About ASML

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.