Midwest Professional Planners LTD. Acquires 732 Shares of ASML Holding N.V. $ASML

Midwest Professional Planners LTD. raised its holdings in ASML Holding N.V. (NASDAQ:ASML) by 55.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,051 shares of the semiconductor company’s stock after acquiring an additional 732 shares during the quarter. Midwest Professional Planners LTD.’s holdings in ASML were worth $4,080,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cornerstone Financial Management LLC bought a new stake in shares of ASML in the 4th quarter valued at $26,000. Binnacle Investments Inc grew its holdings in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV grew its holdings in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares during the period. Field & Main Bank bought a new stake in ASML in the second quarter valued at $30,000. Finally, Jessup Wealth Management Inc bought a new stake in ASML in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,665.14 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The business has a 50-day simple moving average of $1,758.02 and a two-hundred day simple moving average of $1,596.40. The company has a market capitalization of $654.87 billion, a P/E ratio of 51.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.62 billion during the quarter. Research analysts expect that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

ASML has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Friday, July 10th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.