Spire Wealth Management Purchases 149 Shares of ASML Holding (NASDAQ:ASML)

Spire Wealth Management grew its position in ASML Holding (NASDAQ:ASML) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,648 shares of the semiconductor company’s stock after acquiring an additional 149 shares during the quarter. Spire Wealth Management’s holdings in ASML were worth $1,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock worth $1,311,545,000 after purchasing an additional 170,992 shares in the last quarter. Weatherly Asset Management L. P. raised its stake in ASML by 2.5% in the second quarter. Weatherly Asset Management L. P. now owns 10,576 shares of the semiconductor company’s stock valued at $10,817,000 after buying an additional 258 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in ASML by 17.9% in the second quarter. Banque Cantonale Vaudoise now owns 92 shares of the semiconductor company’s stock worth $94,000 after acquiring an additional 14 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in shares of ASML by 49.9% during the second quarter. Sage Mountain Advisors LLC now owns 613 shares of the semiconductor company’s stock worth $627,000 after acquiring an additional 204 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of ASML by 15.2% during the second quarter. Commonwealth Equity Services LLC now owns 42,818 shares of the semiconductor company’s stock valued at $43,792,000 after acquiring an additional 5,647 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock traded up $16.16 during midday trading on Friday, hitting $903.87. 991,244 shares of the company were exchanged, compared to its average volume of 1,353,936. The business has a fifty day simple moving average of $945.48 and a two-hundred day simple moving average of $954.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market capitalization of $356.66 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09.

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

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $1.8732 dividend. This represents a $7.49 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.55%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ASML shares. Wells Fargo & Company boosted their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. lifted their price target 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. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average 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.