Advisory Resource Group Lowers Holdings in ASML Holding (NASDAQ:ASML)

Advisory Resource Group decreased its position in shares of ASML Holding (NASDAQ:ASML) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 847 shares of the semiconductor company’s stock after selling 43 shares during the quarter. Advisory Resource Group’s holdings in ASML were worth $614,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of ASML by 9.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,087,054 shares of the semiconductor company’s stock worth $4,965,167,000 after purchasing an additional 809,708 shares during the period. Bank of America Corp DE lifted its holdings in ASML by 6.0% during the first quarter. Bank of America Corp DE now owns 1,484,196 shares of the semiconductor company’s stock worth $1,010,307,000 after buying an additional 83,577 shares during the period. Jennison Associates LLC boosted its position in ASML by 6.1% during the 1st quarter. Jennison Associates LLC now owns 1,374,377 shares of the semiconductor company’s stock valued at $935,552,000 after acquiring an additional 79,487 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of ASML by 3.5% in the 1st quarter. Franklin Resources Inc. now owns 1,284,000 shares of the semiconductor company’s stock valued at $874,032,000 after acquiring an additional 43,493 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of ASML by 364.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,270,364 shares of the semiconductor company’s stock worth $195,650,000 after acquiring an additional 996,949 shares in the last quarter. Hedge funds and other institutional investors own 18.94% of the company’s stock.

ASML Trading Up 0.2 %

ASML stock opened at $597.73 on Tuesday. ASML Holding has a 52 week low of $363.15 and a 52 week high of $771.98. The stock has a 50-day moving average price of $676.11 and a 200 day moving average price of $673.28. The company has a quick ratio of 0.88, a current ratio of 1.34 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $235.86 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 19th. The semiconductor company reported $5.37 EPS for the quarter, beating the consensus estimate of $4.98 by $0.39. ASML had a net margin of 28.67% and a return on equity of 79.17%. The business had revenue of $7.51 billion for the quarter. Sell-side analysts anticipate that ASML Holding will post 21.63 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Wednesday, August 2nd were paid a $1.6281 dividend. This is an increase from ASML’s previous quarterly dividend of $1.27. The ex-dividend date was Tuesday, August 1st. This represents a $6.51 dividend on an annualized basis and a dividend yield of 1.09%. ASML’s dividend payout ratio is presently 13.76%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ASML shares. New Street Research lowered ASML from a “buy” rating to a “neutral” rating in a research note on Friday, June 16th. Wells Fargo & Company boosted their price objective on shares of ASML from $775.00 to $800.00 and gave the stock an “overweight” rating in a research note on Thursday, July 20th. Sanford C. Bernstein downgraded shares of ASML from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $810.00 to $785.00 in a research note on Friday, July 28th. Societe Generale lowered shares of ASML from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Finally, Wolfe Research began coverage on ASML in a report on Thursday, September 14th. They set an “outperform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $730.18.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection systems for memory and logic chipmakers. The company 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.