Northeast Financial Consultants Inc Grows Stock Position in ASML Holding (NASDAQ:ASML)

Northeast Financial Consultants Inc grew its position in shares of ASML Holding (NASDAQ:ASML) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,911 shares of the semiconductor company’s stock after purchasing an additional 138 shares during the quarter. Northeast Financial Consultants Inc’s holdings in ASML were worth $6,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ASML. Silver Lake Advisory LLC bought a new position in ASML in the 2nd quarter worth approximately $361,000. Magnolia Capital Advisors LLC purchased a new stake in shares of ASML during the second quarter worth $210,000. Creative Planning boosted its holdings in shares of ASML by 11.4% in the second quarter. Creative Planning now owns 26,197 shares of the semiconductor company’s stock worth $26,793,000 after acquiring an additional 2,672 shares during the period. Ascent Group LLC grew its position in shares of ASML by 6.5% in the second quarter. Ascent Group LLC now owns 4,477 shares of the semiconductor company’s stock valued at $4,579,000 after purchasing an additional 274 shares in the last quarter. Finally, Susquehanna International Securities Ltd. bought a new stake in shares of ASML during the 2nd quarter valued at $534,000. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ:ASML opened at $841.54 on Friday. The company’s fifty day moving average price is $855.83 and its 200-day moving average price is $933.63. 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 firm has a market capitalization of $332.06 billion, a price-to-earnings ratio of 42.98, a PEG ratio of 1.97 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year 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 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 for the quarter, compared to the consensus estimate of $6 billion. During the same quarter last year, the business posted $5.37 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.89%. ASML’s payout ratio is presently 28.50%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several analyst reports. Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Susquehanna boosted their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. increased 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. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.