Wealthfront Advisers LLC Acquires 378 Shares of ASML Holding N.V. $ASML

Wealthfront Advisers LLC grew its holdings in ASML Holding N.V. (NASDAQ:ASML) by 26.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,792 shares of the semiconductor company’s stock after acquiring an additional 378 shares during the period. Wealthfront Advisers LLC’s holdings in ASML were worth $3,565,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ASML. Cornerstone Financial Management LLC bought a new position in ASML during the fourth quarter valued at $26,000. Portus Wealth Advisors LLC purchased a new position in shares of ASML during the first quarter worth approximately $32,000. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. lifted its stake in ASML by 68.8% in 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 purchased a new stake in shares of ASML in the 4th quarter worth approximately $30,000. 26.07% of the stock is currently owned by institutional investors.

ASML Price Performance

ASML stock opened at $1,750.31 on Friday. The stock has a market cap of $688.36 billion, a price-to-earnings ratio of 54.46, a price-to-earnings-growth ratio of 0.87 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $716.20 and a 52-week high of $1,999.96. The business has a fifty day moving average of $1,782.20 and a two-hundred day moving average of $1,578.32. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last released its 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 company had revenue of $10.64 billion during the quarter. As a group, research analysts anticipate that ASML Holding N.V. will post 44.85 earnings per share for the current year.

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

ASML has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Susquehanna reiterated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Friday, May 8th. UBS Group reiterated a “buy” rating on shares of ASML in a research report on Wednesday, July 1st. Finally, Argus set a $2,100.00 price objective on shares of ASML in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

ASML Company 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.