Montag A & Associates Inc. Grows Position in ASML Holding (NASDAQ:ASML)

Montag A & Associates Inc. grew its stake in shares of ASML Holding (NASDAQ:ASML) by 25,520.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,281 shares of the semiconductor company’s stock after purchasing an additional 1,276 shares during the quarter. Montag A & Associates Inc.’s holdings in ASML were worth $1,243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. First PREMIER Bank grew its stake in shares of ASML by 4.2% during the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 11 shares during the period. Investment Partners LTD. grew its stake in shares of ASML by 1.2% during the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock valued at $871,000 after purchasing an additional 11 shares during the period. Toth Financial Advisory Corp grew its stake in shares of ASML by 11.5% during the 4th quarter. Toth Financial Advisory Corp now owns 126 shares of the semiconductor company’s stock valued at $95,000 after purchasing an additional 13 shares during the period. Slow Capital Inc. grew its stake in shares of ASML by 0.3% during the 4th quarter. Slow Capital Inc. now owns 4,407 shares of the semiconductor company’s stock valued at $3,336,000 after purchasing an additional 13 shares during the period. Finally, Miracle Mile Advisors LLC grew its stake in shares of ASML by 4.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 287 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASML shares. Sanford C. Bernstein cut their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Evercore ISI started coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating for the company. Wells Fargo & Company boosted their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, Susquehanna boosted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,083.00.

ASML Trading Down 1.7 %

NASDAQ:ASML traded down $18.53 during midday trading on Monday, hitting $1,066.73. 766,004 shares of the company traded hands, compared to its average volume of 1,117,688. The firm’s fifty day moving average is $1,000.17 and its 200-day moving average is $931.39. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09. The firm has a market capitalization of $420.92 billion, a P/E ratio of 55.62, a P/E/G ratio of 2.29 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.54. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, sell-side analysts predict that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

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.