NewEdge Wealth LLC Acquires 912 Shares of ASML Holding N.V. $ASML

NewEdge Wealth LLC boosted its holdings in shares of ASML Holding N.V. (NASDAQ:ASMLFree Report) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,651 shares of the semiconductor company’s stock after buying an additional 912 shares during the period. NewEdge Wealth LLC’s holdings in ASML were worth $19,352,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Cornerstone Financial Management LLC bought a new stake in shares of ASML during the fourth quarter worth about $26,000. Binnacle Investments Inc raised its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV lifted its position in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares in the last quarter. North Star Investment Management Corp. lifted its position in ASML by 68.8% in the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the 4th quarter valued at about $30,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on ASML shares. Berenberg Bank reissued a “buy” rating on shares of ASML in a report on Friday, May 8th. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Wells Fargo & Company lifted their target price on ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Freedom Capital upgraded ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 16th. Finally, Morningstar lowered ASML to a “sell” rating in a research report on Wednesday, May 27th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

View Our Latest Stock Report on ASML

ASML Trading Up 0.0%

Shares of ASML stock opened at $1,801.86 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The company has a market capitalization of $708.64 billion, a price-to-earnings ratio of 56.06, a PEG ratio of 0.94 and a beta of 1.78. ASML Holding N.V. has a 52-week low of $683.48 and a 52-week high of $1,999.96. The company has a 50-day simple moving average of $1,745.47 and a two-hundred day simple moving average of $1,518.48.

ASML (NASDAQ:ASMLGet Free Report) last posted its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The firm had revenue of $10.64 billion for the quarter. Research analysts anticipate that ASML Holding N.V. will post 42.68 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th will be issued a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, July 28th. ASML’s dividend payout ratio (DPR) is 33.51%.

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About ASML

(Free Report)

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.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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