Tower View Wealth Management LLC lifted its stake in ASML Holding N.V. (NASDAQ:ASML – Free Report) by 3.5% during the second quarter, HoldingsChannel reports. The fund owned 6,061 shares of the semiconductor company’s stock after purchasing an additional 203 shares during the quarter. ASML comprises approximately 2.5% of Tower View Wealth Management LLC’s holdings, making the stock its 17th biggest position. Tower View Wealth Management LLC’s holdings in ASML were worth $4,857,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ASML. Acadian Asset Management LLC grew its stake in shares of ASML by 97.6% in the 1st quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock valued at $101,978,000 after buying an additional 76,023 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in ASML by 12.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company’s stock worth $266,000 after acquiring an additional 44 shares in the last quarter. Strategic Planning Group LLC increased its stake in shares of ASML by 12.5% during the 2nd quarter. Strategic Planning Group LLC now owns 6,552 shares of the semiconductor company’s stock worth $5,251,000 after purchasing an additional 730 shares during the last quarter. Rhumbline Advisers raised its holdings in ASML by 12.7% during the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company’s stock valued at $5,571,000 after buying an additional 947 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in ASML by 5.0% in the 1st quarter. Empowered Funds LLC now owns 10,928 shares of the semiconductor company’s stock worth $7,241,000 after purchasing an additional 519 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.
ASML Stock Up 2.7%
Shares of ASML stock opened at $1,030.17 on Friday. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,040.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The stock has a fifty day moving average price of $799.72 and a 200 day moving average price of $750.97. The stock has a market cap of $405.29 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of 1.69 and a beta of 1.87.
ASML Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. This is a positive change from ASML’s previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, July 29th. ASML’s dividend payout ratio is 26.21%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ASML shares. Wells Fargo & Company boosted their price objective on shares of ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Morningstar lowered shares of ASML to a “hold” rating in a research report on Thursday, September 18th. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday. Sanford C. Bernstein reiterated a “neutral” rating on shares of ASML in a research note on Tuesday. Finally, Jefferies Financial Group downgraded ASML from a “buy” rating to a “hold” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $923.80.
Get Our Latest Research Report on ASML
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.
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