Valley National Advisers Inc. Grows Position in ASML Holding (NASDAQ:ASML)

Valley National Advisers Inc. raised its position in ASML Holding (NASDAQ:ASML) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,134 shares of the semiconductor company’s stock after purchasing an additional 12 shares during the quarter. Valley National Advisers Inc.’s holdings in ASML were worth $1,159,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank lifted its holdings in shares of ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after purchasing an additional 10 shares during the period. First PREMIER Bank raised its holdings in shares of ASML by 4.2% during the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares during the last quarter. Investment Partners LTD. lifted its position in ASML by 1.2% during the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 11 shares during the period. Slow Capital Inc. boosted its holdings in ASML by 0.3% in the fourth quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock valued at $3,336,000 after purchasing an additional 13 shares during the last quarter. Finally, Miracle Mile Advisors LLC grew its position in ASML by 4.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 13 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock traded down $9.59 during trading on Friday, hitting $918.66. The company had a trading volume of 803,980 shares, compared to its average volume of 1,234,781. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The firm has a market capitalization of $362.49 billion, a price-to-earnings ratio of 46.92, a P/E/G ratio of 1.87 and a beta of 1.49. The business has a 50 day moving average of $973.85 and a 200 day moving average of $953.87. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last issued 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 net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period in the prior year, the company earned $5.37 EPS. ASML’s revenue was down 9.5% on a year-over-year basis. As a group, research analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued 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 dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is currently 28.50%.

Analysts Set New Price Targets

Several brokerages have issued reports on ASML. JPMorgan Chase & Co. upped their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna upped 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. Finally, Wells Fargo & Company upped their target price 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. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.