Global Assets Advisory LLC Purchases Shares of 49,657 ASML Holding (NASDAQ:ASML)

Global Assets Advisory LLC acquired a new position in ASML Holding (NASDAQ:ASMLFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,657 shares of the semiconductor company’s stock, valued at approximately $48,191,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. First PREMIER Bank raised its holdings in shares of ASML by 4.2% in the 1st quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after buying an additional 11 shares in the last quarter. Cherrydale Wealth Management LLC acquired a new stake in shares of ASML in the 1st quarter valued at $236,000. Ballentine Partners LLC grew its holdings in shares of ASML by 20.2% in the 1st quarter. Ballentine Partners LLC now owns 3,072 shares of the semiconductor company’s stock worth $2,981,000 after purchasing an additional 517 shares during the last quarter. Royal Fund Management LLC increased its position in shares of ASML by 5.5% during the 1st quarter. Royal Fund Management LLC now owns 1,855 shares of the semiconductor company’s stock worth $1,801,000 after purchasing an additional 96 shares in the last quarter. Finally, Catalyst Private Wealth LLC bought a new position in ASML during the 1st quarter valued at about $243,000. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 3.3 %

ASML stock traded down $34.59 during midday trading on Monday, reaching $1,002.01. The company’s stock had a trading volume of 1,013,049 shares, compared to its average volume of 1,147,099. The business’s 50-day simple moving average is $954.31 and its 200-day simple moving average is $898.27. The stock has a market cap of $395.38 billion, a PE ratio of 51.83, a price-to-earnings-growth ratio of 2.22 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,077.22.

ASML (NASDAQ:ASMLGet Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a return on equity of 56.99% and a net margin of 27.23%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. As a group, sell-side analysts expect that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio (DPR) is 32.53%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Sanford C. Bernstein decreased their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Finally, Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,043.00.

Check Out Our Latest Research Report on ASML

ASML Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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