ASML Holding N.V. $ASML Stock: Provenance Wealth Advisors LLC Grows Holdings

Provenance Wealth Advisors LLC grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 4,659.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,427 shares of the semiconductor company’s stock after purchasing an additional 3,355 shares during the period. Provenance Wealth Advisors LLC’s holdings in ASML were worth $6,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in ASML by 31.7% during the second quarter. Van ECK Associates Corp now owns 2,459,420 shares of the semiconductor company’s stock worth $4,892,869,000 after buying an additional 592,125 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ASML by 6.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,641,565 shares of the semiconductor company’s stock valued at $2,168,227,000 after acquiring an additional 96,860 shares in the last quarter. Bank of America Corp DE lifted its stake in ASML by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,560,256 shares of the semiconductor company’s stock valued at $2,060,833,000 after acquiring an additional 19,051 shares in the last quarter. BlackRock Inc. boosted its holdings in ASML by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,282,190 shares of the semiconductor company’s stock worth $2,550,840,000 after acquiring an additional 59,888 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in ASML by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,033,583 shares of the semiconductor company’s stock worth $1,364,963,000 after acquiring an additional 18,768 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Up 1.7%

Shares of NASDAQ:ASML opened at $1,552.14 on Wednesday. ASML Holding N.V. has a 1 year low of $946.11 and a 1 year high of $1,999.96. The company has a market capitalization of $598.23 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.80. The business has a fifty day moving average price of $1,696.20 and a two-hundred day moving average price of $1,598.54. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 1.01.

ASML (NASDAQ:ASML) last released its earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The company had revenue of $13.27 billion for the quarter. ASML had a return on equity of 64.24% and a net margin of 34.10%. Analysts forecast that ASML Holding N.V. will post 46.54 earnings per share for the current year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Tuesday, October 27th will be given a $2.1077 dividend. This is a negative change from ASML’s previous quarterly dividend of $2.1507. This represents a $8.43 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 27th. ASML’s payout ratio is presently 17.55%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several recent analyst reports. Argus set a $2,100.00 target price on shares of ASML in a research note on Thursday, July 16th. Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. JPMorgan Chase & Co. reduced their price objective on shares of ASML from $2,400.00 to $2,350.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Wednesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $2,079.12.

ASML Company Profile

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.