First Foundation Advisors Buys 249 Shares of ASML Holding (NASDAQ:ASML)

First Foundation Advisors raised its stake in ASML Holding (NASDAQ:ASML) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,632 shares of the semiconductor company’s stock after purchasing an additional 249 shares during the period. First Foundation Advisors’ holdings in ASML were worth $3,715,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in ASML during the first quarter worth about $26,000. WD Rutherford LLC acquired a new stake in shares of ASML during the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the second quarter valued at approximately $31,000. Beaird Harris Wealth Management LLC acquired a new position in shares of ASML in the fourth quarter valued at $34,000. Finally, First Community Trust NA bought a new position in ASML in the second quarter worth $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. raised their price target 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 lifted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company boosted their price target 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. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of ASML stock opened at $752.79 on Monday. The stock’s fifty day moving average is $925.80 and its 200-day moving average is $951.10. 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 Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The stock has a market capitalization of $297.04 billion, a PE ratio of 38.45, a PEG ratio of 1.59 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings data 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. ASML had a net margin of 26.50% and a return on equity of 49.93%. The firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company posted $5.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities research analysts expect that ASML Holding will post 20.37 EPS for the current fiscal 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 given a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a yield of 1.00%. This is a positive change from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.55%.

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.