Magnolia Capital Advisors LLC Takes Position in ASML Holding (NASDAQ:ASML)

Magnolia Capital Advisors LLC purchased a new stake in ASML Holding (NASDAQ:ASML) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 205 shares of the semiconductor company’s stock, valued at approximately $210,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new stake in ASML in the 1st quarter valued at $26,000. Resources Management Corp CT ADV acquired a new stake in ASML in the 2nd quarter valued at $26,000. WD Rutherford LLC acquired a new stake in ASML in the 1st quarter valued at $29,000. Triad Wealth Partners LLC acquired a new stake in ASML in the 2nd quarter valued at $31,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in ASML in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ASML. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna lifted their target price 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. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted 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. Finally, Wells Fargo & Company lifted their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Trading Down 1.0 %

Shares of ASML stock opened at $833.25 on Tuesday. The company’s 50-day moving average price is $853.67 and its 200-day moving average price is $932.49. 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 stock has a market cap of $328.79 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 1.97 and a beta of 1.49. ASML Holding has a twelve month low of $567.57 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.37 EPS. As a group, equities analysts predict that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

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

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.