Ashton Thomas Private Wealth LLC Boosts Stock Position in ASML Holding (NASDAQ:ASML)

Ashton Thomas Private Wealth LLC increased its stake in shares of ASML Holding (NASDAQ:ASML) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,720 shares of the semiconductor company’s stock after buying an additional 24 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in ASML were worth $1,759,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. boosted its position in shares of ASML by 41.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after acquiring an additional 1,007 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in ASML by 22.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock valued at $1,552,000 after purchasing an additional 371 shares during the last quarter. Cetera Investment Advisers boosted its holdings in ASML by 169.4% in the 1st quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Burford Brothers Inc. purchased a new stake in shares of ASML in the 4th quarter valued at approximately $761,000. Finally, Montag A & Associates Inc. increased its holdings in shares of ASML by 25,520.0% during the 1st quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock worth $1,243,000 after buying an additional 1,276 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML opened at $749.82 on Tuesday. The company has a market cap of $295.87 billion, a P/E ratio of 38.30, a P/E/G ratio of 1.59 and a beta of 1.49. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. 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 stock has a 50-day moving average of $920.13 and a two-hundred day moving average of $949.68.

ASML (NASDAQ:ASML) last announced its quarterly earnings data 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. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.37 earnings per share. As a group, analysts anticipate that ASML Holding will post 20.37 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 1.00%. ASML’s dividend payout ratio (DPR) is 28.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ASML. Susquehanna increased their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company boosted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.