Hobbs Group Advisors LLC Invests $212,000 in ASML Holding (NASDAQ:ASML)

Hobbs Group Advisors LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 208 shares of the semiconductor company’s stock, valued at approximately $212,000.

A number of other institutional investors also recently modified their holdings of ASML. American Capital Advisory LLC acquired a new position in shares of ASML during the first quarter worth approximately $26,000. WD Rutherford LLC acquired a new position in shares of ASML during the first quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the 2nd quarter valued at $31,000. Beaird Harris Wealth Management LLC purchased a new stake in ASML in the 4th quarter valued at $34,000. Finally, First Community Trust NA purchased a new stake in ASML in the 2nd quarter valued at $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML traded down $6.97 during trading on Tuesday, reaching $926.18. The company’s stock had a trading volume of 872,973 shares, compared to its average volume of 1,231,208. The firm has a market cap of $365.46 billion, a price-to-earnings ratio of 47.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a 50 day moving average of $971.68 and a 200-day moving average of $955.36. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its quarterly earnings data 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. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. Research analysts expect that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Wall Street Analysts Forecast Growth

ASML has been the subject of a number of analyst reports. 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 research report on Monday, June 17th. JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Susquehanna increased their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Finally, Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.