IMS Capital Management Makes New $243,000 Investment in ASML Holding (NASDAQ:ASML)

IMS Capital Management purchased a new stake in shares of ASML Holding (NASDAQ:ASML) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 238 shares of the semiconductor company’s stock, valued at approximately $243,000.

Other large investors have also recently modified their holdings of the company. Resources Management Corp CT ADV bought a new stake in ASML during the 2nd quarter valued at $26,000. American Capital Advisory LLC purchased a new position in shares of ASML during the first quarter valued at $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter worth about $31,000. Finally, First Community Trust NA bought a new position in ASML during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $833.25 on Tuesday. ASML Holding has a 52 week low of $567.57 and a 52 week high of $1,110.09. The business’s 50 day moving average price is $853.67 and its 200 day moving average price is $932.49. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a market cap of $328.79 billion, a P/E ratio of 42.56, a P/E/G ratio of 1.97 and a beta of 1.49.

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

ASML Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company increased their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Four investment 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.