Oliver Lagore Vanvalin Investment Group Increases Position in ASML Holding (NASDAQ:ASML)

Oliver Lagore Vanvalin Investment Group raised its holdings in ASML Holding (NASDAQ:ASML) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,995 shares of the semiconductor company’s stock after buying an additional 40 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in ASML were worth $2,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Resources Management Corp CT ADV acquired a new stake in ASML in the 2nd quarter valued at $26,000. American Capital Advisory LLC purchased a new stake in shares of ASML during the first quarter worth about $26,000. WD Rutherford LLC purchased a new stake in shares of ASML during the first quarter worth about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML during the second quarter worth about $31,000. Finally, First Community Trust NA purchased a new stake in shares of ASML during the second quarter worth about $34,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Down 1.3 %

Shares of ASML stock opened at $841.54 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 $331.08 billion, a PE ratio of 42.98, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. The company has a 50-day moving average of $855.83 and a two-hundred day moving average of $933.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period last year, the business posted $5.37 earnings per share. On average, analysts predict 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. Investors of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is presently 28.55%.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. 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 report on Monday, June 17th. Finally, Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Company 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.