Baker Tilly Wealth Management LLC Has $401,000 Holdings in ASML Holding (NASDAQ:ASML)

Baker Tilly Wealth Management LLC decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 59.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392 shares of the semiconductor company’s stock after selling 566 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in ASML were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in ASML during the 4th quarter worth approximately $149,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in ASML by 15.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,250 shares of the semiconductor company’s stock worth $5,488,000 after purchasing an additional 958 shares in the last quarter. Mackenzie Financial Corp raised its holdings in ASML by 18.1% during the 4th quarter. Mackenzie Financial Corp now owns 88,569 shares of the semiconductor company’s stock worth $67,040,000 after buying an additional 13,592 shares during the period. Capital Analysts LLC bought a new position in ASML in the fourth quarter valued at approximately $501,000. Finally, SVB Wealth LLC boosted its holdings in shares of ASML by 6.8% in the fourth quarter. SVB Wealth LLC now owns 2,009 shares of the semiconductor company’s stock valued at $1,521,000 after buying an additional 128 shares during the period. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Susquehanna increased their price objective on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company boosted their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 1.0 %

Shares of NASDAQ:ASML traded down $9.59 during midday trading on Friday, hitting $918.66. The stock had a trading volume of 804,217 shares, compared to its average volume of 1,234,781. The company has a market cap of $362.49 billion, a P/E ratio of 46.92, a PEG ratio of 1.87 and a beta of 1.49. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The business’s 50-day simple moving average is $973.85 and its 200-day simple moving average is $953.87. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same period in the previous year, the business earned $5.37 EPS. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is currently 28.50%.

ASML Company Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also 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.