Richardson Financial Services Inc. Invests $617,000 in ASML Holding (NASDAQ:ASML)

Richardson Financial Services Inc. bought a new position in ASML Holding (NASDAQ:ASML) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 815 shares of the semiconductor company’s stock, valued at approximately $617,000.

Several other hedge funds have also modified their holdings of ASML. Charles Schwab Investment Management Inc. boosted its position in shares of ASML by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,871 shares of the semiconductor company’s stock worth $18,761,000 after acquiring an additional 501 shares during the last quarter. Deutsche Bank AG lifted its position in ASML by 4.5% during the third quarter. Deutsche Bank AG now owns 15,544 shares of the semiconductor company’s stock valued at $9,150,000 after buying an additional 668 shares in the last quarter. Fiera Capital Corp lifted its position in ASML by 44.3% during the third quarter. Fiera Capital Corp now owns 492 shares of the semiconductor company’s stock valued at $290,000 after buying an additional 151 shares in the last quarter. Rhumbline Advisers lifted its position in ASML by 4.0% during the third quarter. Rhumbline Advisers now owns 7,329 shares of the semiconductor company’s stock valued at $4,314,000 after buying an additional 282 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in ASML by 23.7% during the third quarter. William Blair Investment Management LLC now owns 7,941 shares of the semiconductor company’s stock valued at $4,675,000 after buying an additional 1,519 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Down 2.4 %

Shares of NASDAQ ASML traded down $24.81 during trading on Friday, reaching $1,027.90. 1,047,213 shares of the stock were exchanged, compared to its average volume of 956,468. The business’s 50-day moving average price is $947.08 and its 200 day moving average price is $884.14. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,077.22. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $405.60 billion, a price-to-earnings ratio of 52.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. As a group, equities analysts forecast that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.52%. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Analyst Ratings Changes

A number of research analysts have weighed in on ASML shares. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their price target on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. HSBC started coverage on shares of ASML in a research report on Thursday, February 22nd. They set a “buy” rating on the stock. Sanford C. Bernstein reduced their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Finally, Evercore ISI began coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.00.

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.