Valicenti Advisory Services Inc. Buys Shares of 2,705 ASML Holding N.V. $ASML

Valicenti Advisory Services Inc. purchased a new position in ASML Holding N.V. (NASDAQ:ASML) during the 3rd quarter, HoldingsChannel reports. The firm purchased 2,705 shares of the semiconductor company’s stock, valued at approximately $2,619,000.

Several other hedge funds also recently modified their holdings of the business. Princeton Global Asset Management LLC increased its position in ASML by 153.8% during the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 20 shares during the period. Binnacle Investments Inc boosted its holdings in ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in ASML in the 2nd quarter worth $30,000. Washington Trust Advisors Inc. increased its holdings in shares of ASML by 129.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares during the period. Finally, Maseco LLP acquired a new position in shares of ASML during the second quarter valued at about $32,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Arete Research upgraded ASML to a “strong-buy” rating in a research note on Friday, September 12th. Bank of America lifted their price objective on ASML from $1,092.00 to $1,331.00 and gave the stock a “buy” rating in a report on Wednesday, December 3rd. Rothschild & Co Redburn upgraded ASML from a “neutral” rating to a “buy” rating in a research note on Friday, November 7th. Jefferies Financial Group reaffirmed a “neutral” rating on shares of ASML in a research report on Monday, October 13th. Finally, Barclays reissued a “neutral” rating on shares of ASML in a report on Wednesday, December 17th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Price Performance

Shares of ASML stock opened at $1,072.75 on Friday. The stock’s fifty day simple moving average is $1,052.23 and its 200 day simple moving average is $898.24. ASML Holding N.V. has a one year low of $578.51 and a one year high of $1,141.72. The firm has a market cap of $421.89 billion, a price-to-earnings ratio of 43.66, a P/E/G ratio of 1.66 and a beta of 1.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.80 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period last year, the business earned $5.28 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date was Wednesday, October 29th. ASML’s dividend payout ratio (DPR) is presently 25.80%.

About ASML

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.