Abundance Wealth Counselors Purchases 41 Shares of ASML Holding (NASDAQ:ASML)

Abundance Wealth Counselors raised its position in ASML Holding (NASDAQ:ASML) by 7.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 571 shares of the semiconductor company’s stock after acquiring an additional 41 shares during the quarter. Abundance Wealth Counselors’ holdings in ASML were worth $584,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC purchased a new stake in ASML in the first quarter worth about $26,000. WD Rutherford LLC purchased a new stake in ASML in the first quarter worth about $29,000. Beaird Harris Wealth Management LLC purchased a new stake in ASML in the fourth quarter worth about $34,000. First Community Trust NA purchased a new stake in ASML in the second quarter worth about $34,000. Finally, LRI Investments LLC purchased a new stake in ASML in the first quarter worth about $37,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

ASML has been the subject of several research analyst reports. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. increased their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Trading Up 5.5 %

Shares of ASML stock traded up $48.67 on Thursday, reaching $928.25. 1,455,008 shares of the company’s stock were exchanged, compared to its average volume of 1,237,420. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $366.28 billion, a PE ratio of 47.41, a P/E/G ratio of 1.87 and a beta of 1.49. The company’s fifty day simple moving average is $976.05 and its 200 day simple moving average is $953.62.

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

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.81%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.50%.

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.