Prosperity Consulting Group LLC Boosts Stake in ASML Holding (NASDAQ:ASML)

Prosperity Consulting Group LLC raised its position in shares of ASML Holding (NASDAQ:ASML) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807 shares of the semiconductor company’s stock after buying an additional 60 shares during the quarter. Prosperity Consulting Group LLC’s holdings in ASML were worth $825,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of ASML by 15.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,222 shares of the semiconductor company’s stock worth $27,841,000 after buying an additional 3,687 shares during the last quarter. Allen Investment Management LLC grew its position in ASML by 16.9% in the second quarter. Allen Investment Management LLC now owns 34,507 shares of the semiconductor company’s stock worth $35,291,000 after acquiring an additional 4,982 shares in the last quarter. Wealthspire Advisors LLC increased its stake in ASML by 7.6% during the second quarter. Wealthspire Advisors LLC now owns 597 shares of the semiconductor company’s stock worth $611,000 after acquiring an additional 42 shares during the last quarter. William Blair Investment Management LLC raised its position in ASML by 8.6% during the second quarter. William Blair Investment Management LLC now owns 8,562 shares of the semiconductor company’s stock valued at $8,757,000 after purchasing an additional 676 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its stake in shares of ASML by 84.4% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 6,167 shares of the semiconductor company’s stock valued at $6,307,000 after purchasing an additional 2,822 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $816.36 on Friday. The company has a market capitalization of $322.13 billion, a P/E ratio of 41.69, a P/E/G ratio of 1.96 and a beta of 1.49. The company’s 50-day simple moving average is $898.19 and its two-hundred day simple moving average is $945.46. ASML Holding has a one year low of $563.99 and a one 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.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the business posted $5.37 EPS. ASML’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, equities analysts anticipate that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a yield of 0.92%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is presently 28.50%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. 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 report on Thursday, July 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price target 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. Finally, JPMorgan Chase & Co. raised their price objective 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. Three research 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, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

About ASML

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.