Global Retirement Partners LLC Makes New $8.79 Million Investment in ASML Holding N.V. $ASML

Global Retirement Partners LLC purchased a new stake in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, Holdings Channel reports. The institutional investor purchased 4,418 shares of the semiconductor company’s stock, valued at approximately $8,789,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Financial Management LLC purchased a new stake in shares of ASML during the fourth quarter worth approximately $26,000. Portus Wealth Advisors LLC purchased a new position in ASML in the first quarter worth approximately $32,000. Resources Management Corp CT ADV lifted its stake in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ASML shares. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Monday, June 1st. Wells Fargo & Company increased their target price on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Barclays restated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Friday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

NASDAQ ASML opened at $1,883.12 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The company has a market capitalization of $740.59 billion, a PE ratio of 58.59, a P/E/G ratio of 0.92 and a beta of 1.79. The company has a fifty day moving average of $1,784.33 and a two-hundred day moving average of $1,571.25.

ASML (NASDAQ:ASML) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The business had revenue of $10.64 billion for the quarter. As a group, analysts expect that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s payout ratio is 22.62%.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.