B. Riley Wealth Advisors Inc. Has $5.95 Million Stock Position in ASML Holding (NASDAQ:ASML)

B. Riley Wealth Advisors Inc. reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,813 shares of the semiconductor company’s stock after selling 1,378 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in ASML were worth $5,945,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ASML. Mercer Global Advisors Inc. ADV raised its position in shares of ASML by 4,379.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares during the last quarter. Jennison Associates LLC raised its holdings in ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. Fayez Sarofim & Co bought a new stake in shares of ASML in the 1st quarter worth approximately $542,710,000. GQG Partners LLC grew its holdings in shares of ASML by 21.6% during the 1st 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 in the last quarter. Finally, 1832 Asset Management L.P. raised its stake 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 valued at $238,784,000 after purchasing an additional 243,850 shares in the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Down 1.0 %

ASML stock opened at $833.25 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The stock has a market capitalization of $328.79 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.97 and a beta of 1.49. The business has a fifty day moving average price of $853.67 and a 200 day moving average price of $932.49. ASML Holding has a fifty-two week low of $567.57 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6 billion. During the same period in the previous year, the business posted $5.37 earnings per share. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts expect that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is 28.50%.

Analysts Set New Price Targets

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