ASML Holding N.V. $ASML Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,089 shares of the semiconductor company’s stock after purchasing an additional 98 shares during the period. Meridian Wealth Management LLC’s holdings in ASML were worth $872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASML. Capstone Wealth Management Group LLC grew its position in ASML by 5.2% in the first quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of ASML by 696.0% during the 1st quarter. New York State Common Retirement Fund now owns 7,315 shares of the semiconductor company’s stock worth $4,847,000 after acquiring an additional 6,396 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of ASML by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 40,059 shares of the semiconductor company’s stock worth $26,544,000 after acquiring an additional 162 shares during the last quarter. Jennison Associates LLC raised its position in shares of ASML by 143.8% during the first quarter. Jennison Associates LLC now owns 9,516 shares of the semiconductor company’s stock worth $6,305,000 after purchasing an additional 5,612 shares during the period. Finally, Formidable Asset Management LLC lifted its holdings in shares of ASML by 23.9% during the first quarter. Formidable Asset Management LLC now owns 1,201 shares of the semiconductor company’s stock valued at $796,000 after purchasing an additional 232 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

NASDAQ ASML opened at $1,006.98 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a market capitalization of $396.03 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The company has a 50 day simple moving average of $980.23 and a 200-day simple moving average of $830.69. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,086.11.

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

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a dividend of $1.857 per share. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 29th. ASML’s dividend payout ratio is 25.76%.

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Friday, October 10th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Berenberg Bank reissued a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Rothschild & Co Redburn upgraded shares of ASML from a “neutral” rating to a “buy” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company lifted their price objective 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. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,076.33.

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.