Western Wealth Management LLC Grows Holdings in ASML Holding N.V. $ASML

Western Wealth Management LLC raised its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 17.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 586 shares of the semiconductor company’s stock after purchasing an additional 86 shares during the period. Western Wealth Management LLC’s holdings in ASML were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ASML. Capstone Wealth Management Group LLC lifted its stake in shares of ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after buying an additional 124 shares in the last quarter. New York State Common Retirement Fund raised its holdings in ASML by 696.0% during the first quarter. New York State Common Retirement Fund now owns 7,315 shares of the semiconductor company’s stock valued at $4,847,000 after acquiring an additional 6,396 shares during the period. Victory Capital Management Inc. lifted its position in shares of ASML by 0.4% in the first quarter. Victory Capital Management Inc. now owns 40,059 shares of the semiconductor company’s stock valued at $26,544,000 after acquiring an additional 162 shares in the last quarter. Gallacher Capital Management LLC lifted its position in shares of ASML by 3.9% in the first quarter. Gallacher Capital Management LLC now owns 456 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 17 shares in the last quarter. Finally, PFG Advisors boosted its stake in shares of ASML by 16.5% in the first quarter. PFG Advisors now owns 806 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 114 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 1.6%

ASML stock opened at $1,004.06 on Wednesday. The firm has a fifty day moving average price of $988.68 and a 200 day moving average price of $835.38. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,086.11. The firm has a market cap of $394.88 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating the consensus estimate of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business 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 earned $5.28 earnings per share. ASML’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

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

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Citigroup restated a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. Morningstar cut shares of ASML to a “hold” rating in a research note on Thursday, September 18th. Finally, Susquehanna boosted their price target on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Company 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.