Parallel Advisors LLC Increases Stake in ASML Holding N.V. $ASML

Parallel Advisors LLC raised its holdings in ASML Holding N.V. (NASDAQ:ASML) by 19.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,480 shares of the semiconductor company’s stock after buying an additional 573 shares during the period. Parallel Advisors LLC’s holdings in ASML were worth $4,597,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cornerstone Financial Management LLC purchased a new stake in ASML during the 4th quarter worth about $26,000. Portus Wealth Advisors LLC acquired a new position in shares of ASML during the first quarter worth about $32,000. Resources Management Corp CT ADV increased its stake in shares of ASML by 1,150.0% during the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after buying an additional 23 shares during the period. North Star Investment Management Corp. raised its holdings in ASML by 68.8% in the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML opened at $1,678.22 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a 1-year low of $685.44 and a 1-year high of $1,999.96. The stock has a market cap of $660.01 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. The firm has a fifty day moving average price of $1,765.59 and a 200 day moving average price of $1,547.95.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The company had revenue of $10.64 billion for the quarter. As a group, sell-side analysts anticipate that ASML Holding N.V. will post 44.68 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is currently 22.62%.

Analyst Ratings Changes

ASML has been the topic of a number of analyst reports. Sanford C. Bernstein raised their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a report on Monday, July 6th. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Barclays reaffirmed an “overweight” rating on shares of ASML in a report on Thursday, July 16th. Wall Street Zen upgraded ASML from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

About ASML

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.