Concurrent Investment Advisors LLC Raises Position in ASML Holding N.V. $ASML

Concurrent Investment Advisors LLC grew its position in ASML Holding N.V. (NASDAQ:ASML) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,581 shares of the semiconductor company’s stock after acquiring an additional 1,376 shares during the period. Concurrent Investment Advisors LLC’s holdings in ASML were worth $17,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new stake in ASML in the 4th quarter valued at approximately $26,000. Binnacle Investments Inc raised its stake in shares of ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of 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 buying an additional 23 shares during the period. Jessup Wealth Management Inc acquired a new stake in shares of ASML in the 4th quarter valued at approximately $30,000. Finally, Field & Main Bank purchased a new stake in shares of ASML in the second quarter valued at approximately $30,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on ASML shares. JPMorgan Chase & Co. increased their price objective on ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Bank of America increased their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Wells Fargo & Company upped their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Price Performance

Shares of NASDAQ:ASML opened at $1,714.88 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. ASML Holding N.V. has a one year low of $766.24 and a one year high of $1,999.96. The business’s fifty day moving average price is $1,751.00 and its two-hundred day moving average price is $1,600.83. The stock has a market cap of $674.43 billion, a PE ratio of 53.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.62 billion during the quarter. On average, analysts forecast that ASML Holding N.V. will post 44.99 EPS for the current fiscal year.

ASML Cuts Dividend

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

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.