ASML Holding (NASDAQ:ASML) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its holdings in ASML Holding (NASDAQ:ASML) by 7.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,483 shares of the semiconductor company’s stock after purchasing an additional 163 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ASML were worth $2,410,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ASML. Jennison Associates LLC grew its stake in ASML by 50.0% in the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the last quarter. Fayez Sarofim & Co acquired a new stake in shares of ASML during the first quarter valued at $542,710,000. GQG Partners LLC increased its position in ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after purchasing an additional 294,784 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after buying an additional 245,488 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of ASML by 35.6% during the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after buying an additional 203,860 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on ASML shares. Sanford C. Bernstein lowered their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Wells Fargo & Company boosted their price objective 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. Susquehanna raised their target price 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. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective 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. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Performance

Shares of ASML traded up $25.76 during mid-day trading on Friday, reaching $888.39. 1,681,043 shares of the company’s stock traded hands, compared to its average volume of 1,187,295. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The business’s 50-day moving average price is $1,004.63 and its 200-day moving average price is $942.04. The stock has a market capitalization of $350.55 billion, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating 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 business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the business posted $5.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 29th will be issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.84%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

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.