Financial Gravity Asset Management Inc. Boosts Stock Holdings in ASML Holding (NASDAQ:ASML)

Financial Gravity Asset Management Inc. increased its stake in shares of ASML Holding (NASDAQ:ASML) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,468 shares of the semiconductor company’s stock after acquiring an additional 42 shares during the quarter. Financial Gravity Asset Management Inc.’s holdings in ASML were worth $2,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of ASML by 29.6% during the second quarter. Acadian Asset Management LLC now owns 58,784 shares of the semiconductor company’s stock worth $60,104,000 after purchasing an additional 13,426 shares during the period. Strategic Financial Concepts LLC purchased a new stake in ASML in the 2nd quarter worth approximately $704,000. Umpqua Bank grew its position in shares of ASML by 105.1% in the 2nd quarter. Umpqua Bank now owns 601 shares of the semiconductor company’s stock worth $615,000 after buying an additional 308 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of ASML by 22.0% during the second quarter. SRS Capital Advisors Inc. now owns 1,036 shares of the semiconductor company’s stock valued at $1,059,000 after acquiring an additional 187 shares in the last quarter. Finally, Mosley Wealth Management lifted its stake in ASML by 8.4% in the second quarter. Mosley Wealth Management now owns 609 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 47 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of ASML opened at $752.79 on Friday. The company has a market capitalization of $297.04 billion, a P/E ratio of 38.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $925.80 and a 200 day moving average of $950.80.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.37 EPS. As a group, equities research analysts anticipate that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 1.00%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is currently 28.50%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Susquehanna increased their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. 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. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML 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.