Occidental Asset Management LLC Buys 1,023 Shares of ASML Holding N.V. $ASML

Occidental Asset Management LLC grew its position in ASML Holding N.V. (NASDAQ:ASML) by 651.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,180 shares of the semiconductor company’s stock after purchasing an additional 1,023 shares during the quarter. Occidental Asset Management LLC’s holdings in ASML were worth $2,348,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ASML. Baron Wealth Management LLC raised its position in ASML by 1.8% in the 2nd quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after buying an additional 6 shares during the last quarter. Whitener Capital Management Inc. raised its position in ASML by 2.8% in the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after acquiring an additional 6 shares during the period. Founders Financial Alliance LLC raised its holdings in ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 6 shares during the period. Family Capital Management Inc. raised its stake in shares of ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after buying an additional 7 shares during the period. Finally, 44 Wealth Management LLC lifted its holdings in ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on ASML shares. JPMorgan Chase & Co. boosted their price objective on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company upped their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a research report on Monday, June 1st. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Stock Down 4.3%

Shares of NASDAQ:ASML opened at $1,802.98 on Wednesday. ASML Holding N.V. has a 1 year low of $716.20 and a 1 year high of $1,999.96. The business has a 50 day simple moving average of $1,784.83 and a two-hundred day simple moving average of $1,573.92. The firm has a market capitalization of $709.08 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share 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. On average, equities analysts predict that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

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

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.