Strategic Wealth Partners Ltd. Buys New Shares in ASML Holding (NASDAQ:ASML)

Strategic Wealth Partners Ltd. bought a new stake in ASML Holding (NASDAQ:ASML) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 212 shares of the semiconductor company’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Western Pacific Wealth Management LP grew its stake in ASML by 648.5% during the first quarter. Western Pacific Wealth Management LP now owns 247 shares of the semiconductor company’s stock worth $240,000 after buying an additional 214 shares during the period. Tidal Investments LLC grew its stake in ASML by 1.4% during the first quarter. Tidal Investments LLC now owns 3,368 shares of the semiconductor company’s stock worth $3,269,000 after buying an additional 45 shares during the period. Vawter Financial Ltd. purchased a new stake in ASML during the first quarter worth approximately $213,000. Sweeney & Michel LLC purchased a new stake in ASML during the first quarter worth approximately $655,000. Finally, Connective Capital Management LLC purchased a new stake in ASML during the first quarter worth approximately $4,061,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Down 8.4 %

Shares of NASDAQ:ASML opened at $809.35 on Friday. The stock has a market capitalization of $319.36 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company’s fifty day moving average is $997.56 and its two-hundred day moving average is $948.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm’s revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.37 earnings per share. Equities analysts anticipate that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Monday, July 29th will be issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is 28.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ASML shares. Susquehanna boosted their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Sanford C. Bernstein cut 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 report on Friday, April 12th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML 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.