BKM Wealth Management LLC Increases Stock Position in ASML Holding N.V. $ASML

BKM Wealth Management LLC increased its position in ASML Holding N.V. (NASDAQ:ASML) by 13.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,360 shares of the semiconductor company’s stock after purchasing an additional 159 shares during the quarter. BKM Wealth Management LLC’s holdings in ASML were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ASML. T. Rowe Price Investment Management Inc. purchased a new position in shares of ASML in the first quarter valued at $360,262,000. Invesco Ltd. boosted its stake in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after acquiring an additional 367,505 shares during the last quarter. Amundi boosted its stake in ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock valued at $403,215,000 after acquiring an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. boosted its stake in ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after acquiring an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in ASML by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Stock Up 0.9%

Shares of NASDAQ:ASML opened at $1,029.27 on Friday. The stock has a market capitalization of $404.79 billion, a price-to-earnings ratio of 41.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,059.00. The company’s fifty day moving average is $864.28 and its two-hundred day moving average is $774.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.31.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. The company had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $5.28 earnings per share. Equities analysts anticipate that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be issued a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML’s dividend payout ratio is 25.56%.

Analysts Set New Price Targets

A number of research analysts have commented on ASML shares. New Street Research reiterated a “neutral” rating on shares of ASML in a research note on Monday, October 6th. Erste Group Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Wednesday. Susquehanna increased their price objective on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Citigroup reiterated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

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.