WNY Asset Management LLC Buys Shares of 288 ASML Holding (NASDAQ:ASML)

WNY Asset Management LLC bought a new stake in shares of ASML Holding (NASDAQ:ASML) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 288 shares of the semiconductor company’s stock, valued at approximately $279,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in shares of ASML during the 1st quarter valued at approximately $26,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter worth approximately $29,000. ZRC Wealth Management LLC bought a new stake in shares of ASML during the 1st quarter valued at $39,000. Rocky Mountain Advisers LLC raised its position in shares of ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 22 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of ASML during the 1st quarter valued at $42,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ASML. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Susquehanna lifted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday. Sanford C. Bernstein decreased their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,083.00.

ASML Trading Down 2.0 %

Shares of ASML stock traded down $21.63 on Monday, hitting $1,063.63. 1,364,297 shares of the company traded hands, compared to its average volume of 1,121,912. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The company has a market cap of $419.70 billion, a PE ratio of 55.62, a PEG ratio of 2.29 and a beta of 1.49. The stock’s 50 day moving average price is $1,000.17 and its 200-day moving average price is $931.39. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. Equities research analysts predict that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.51%. ASML’s dividend payout ratio is presently 32.53%.

About ASML

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.