Patriot Financial Group Insurance Agency LLC Invests $210,000 in ASML Holding (NASDAQ:ASML)

Patriot Financial Group Insurance Agency LLC purchased a new position in ASML Holding (NASDAQ:ASML) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 205 shares of the semiconductor company’s stock, valued at approximately $210,000.

Several 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 position in ASML during the first quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new stake in shares of ASML in the second quarter worth $31,000. First Community Trust NA purchased a new position in shares of ASML during the 2nd quarter valued at $34,000. Finally, POM Investment Strategies LLC bought a new position in ASML in the 2nd quarter worth $36,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 0.3 %

Shares of ASML traded up $2.61 during mid-day trading on Wednesday, reaching $892.49. The stock had a trading volume of 313,980 shares, compared to its average volume of 1,219,298. The business’s fifty day moving average is $958.29 and its 200 day moving average is $955.56. The firm has a market cap of $352.17 billion, a price-to-earnings ratio of 45.64, a P/E/G ratio of 1.87 and a beta of 1.49. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

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 the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the company earned $5.37 EPS. On average, sell-side analysts predict that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.84%. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.50%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Susquehanna upped their price target 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. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.