Gentry Private Wealth LLC Takes $942,000 Position in ASML Holding (NASDAQ:ASML)

Gentry Private Wealth LLC purchased a new position in ASML Holding (NASDAQ:ASML) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 921 shares of the semiconductor company’s stock, valued at approximately $942,000. ASML accounts for about 0.8% of Gentry Private Wealth LLC’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors have also bought and sold shares of ASML. Hilltop National Bank raised its stake in shares of ASML by 1.0% in the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock valued at $997,000 after buying an additional 10 shares during the period. First PREMIER Bank boosted its position in 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 period. Investment Partners LTD. increased its stake in shares of ASML by 1.2% in the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after purchasing an additional 11 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of ASML by 1.1% in the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after purchasing an additional 12 shares during the period. Finally, Pure Financial Advisors LLC lifted its stake in shares of ASML by 2.8% during the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ASML shares. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. JPMorgan Chase & Co. lifted 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. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Susquehanna raised 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Price Performance

Shares of NASDAQ:ASML opened at $752.79 on Friday. The company’s fifty day moving average price is $925.80 and its 200-day moving average price is $950.52. 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 firm has a market capitalization of $297.04 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.91 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm earned $5.37 earnings per share. The firm’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts anticipate that ASML Holding will post 20.3 earnings per share for the current fiscal 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 represents a $7.49 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 28.50%.

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.