Pegasus Asset Management Inc. Raises Holdings in ASML Holding (NASDAQ:ASML)

Pegasus Asset Management Inc. lifted its stake in ASML Holding (NASDAQ:ASML) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,976 shares of the semiconductor company’s stock after purchasing an additional 112 shares during the quarter. Pegasus Asset Management Inc.’s holdings in ASML were worth $3,044,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. American Capital Advisory LLC purchased a new position in ASML during the 1st quarter worth approximately $26,000. WD Rutherford LLC acquired a new stake in shares of ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter worth approximately $31,000. First Community Trust NA purchased a new stake in shares of ASML during the second quarter worth approximately $34,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of ASML during the second quarter worth $36,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Susquehanna raised their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, 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 report on Thursday, July 18th. Two 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. According to data from MarketBeat.com, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 2.6 %

Shares of ASML traded down $23.95 during midday trading on Monday, hitting $883.31. The company had a trading volume of 1,250,917 shares, compared to its average volume of 1,228,212. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09. The firm has a market capitalization of $348.54 billion, a P/E ratio of 45.11, a P/E/G ratio of 1.87 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The company’s 50-day simple moving average is $958.29 and its 200-day simple moving average is $955.56.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the business earned $5.37 EPS. As a group, sell-side analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.50%.

ASML 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.