Jacksonville Wealth Management LLC Acquires New Position in ASML Holding N.V. $ASML

Jacksonville Wealth Management LLC bought a new position in ASML Holding N.V. (NASDAQ:ASML) in the 2nd quarter, Holdings Channel reports. The fund bought 256 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC lifted its stake in shares of ASML by 153.8% during the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in ASML during the first quarter valued at about $27,000. Washington Trust Advisors Inc. lifted its position in shares of ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares in the last quarter. Maseco LLP bought a new position in shares of ASML in the second quarter worth about $32,000. Finally, Knuff & Co LLC purchased a new stake in shares of ASML during the first quarter worth about $33,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ASML shares. Barclays reissued an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Rothschild & Co Redburn raised shares of ASML from a “neutral” rating to a “buy” rating in a report on Friday, November 7th. Wells Fargo & Company upped their target price on shares of ASML from $1,105.00 to $1,140.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Susquehanna lifted their price target on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a report on Friday, October 10th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Stock Down 1.7%

Shares of NASDAQ ASML opened at $1,019.86 on Friday. The firm’s 50-day moving average price is $975.72 and its 200-day moving average price is $826.09. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $401.09 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 1.76 and a beta of 1.88. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the business posted $5.28 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is presently 25.76%.

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.