Mission Wealth Management LP Has $1.92 Million Position in ASML Holding N.V. $ASML

Mission Wealth Management LP grew its position in ASML Holding N.V. (NASDAQ:ASML) by 19.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,397 shares of the semiconductor company’s stock after buying an additional 389 shares during the quarter. Mission Wealth Management LP’s holdings in ASML were worth $1,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA raised its position in ASML by 13.7% during the first quarter. Private Trust Co. NA now owns 828 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 100 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of ASML by 3.2% during the 1st quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company’s stock worth $342,000 after buying an additional 16 shares in the last quarter. Capstone Wealth Management Group LLC raised its holdings in shares of ASML by 5.2% during the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock worth $1,664,000 after buying an additional 124 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ASML by 17.7% during the 1st quarter. Principal Financial Group Inc. now owns 11,802 shares of the semiconductor company’s stock worth $7,820,000 after buying an additional 1,777 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in ASML by 6.8% during the first quarter. D.A. Davidson & CO. now owns 3,764 shares of the semiconductor company’s stock worth $2,494,000 after acquiring an additional 239 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on ASML shares. Zacks Research raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Susquehanna upped their price target on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, Bank Degroof downgraded shares of ASML to a “hold” rating in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average price target of $1,051.60.

ASML Trading Down 1.5%

Shares of NASDAQ ASML opened at $1,059.23 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,086.11. The firm has a 50 day moving average price of $924.66 and a two-hundred day moving average price of $804.27. The stock has a market cap of $416.58 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.ASML’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business posted $5.28 earnings per share. As a group, equities analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date of this dividend is Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. ASML’s payout ratio is currently 25.76%.

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.