Hennion & Walsh Asset Management Inc. Raises Stock Position in ASML Holding N.V. $ASML

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 23.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,371 shares of the semiconductor company’s stock after purchasing an additional 1,230 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in ASML were worth $12,675,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cornerstone Financial Management LLC purchased a new position in ASML in the 4th quarter valued at approximately $26,000. Binnacle Investments Inc grew its stake in shares of ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of ASML by 1,150.0% during 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 period. North Star Investment Management Corp. increased its position in shares of ASML by 68.8% during the fourth 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 during the period. Finally, Jessup Wealth Management Inc acquired a new stake in shares of ASML in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,740.99 on Friday. The stock has a market cap of $684.70 billion, a P/E ratio of 54.17, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. The company has a fifty day simple moving average of $1,770.13 and a 200-day simple moving average of $1,551.72. ASML Holding N.V. has a 12-month low of $710.45 and a 12-month high of $1,999.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09.

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 firm had revenue of $10.64 billion for the quarter. Equities analysts expect that ASML Holding N.V. will post 44.79 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were issued a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio is presently 22.62%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ASML shares. Morningstar lowered ASML to a “sell” rating in a report on Wednesday, May 27th. Sanford C. Bernstein upped their price target on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price objective on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Susquehanna reissued a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML 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.