Beverly Hills Private Wealth LLC Has $302,000 Position in ASML Holding (NASDAQ:ASML)

Beverly Hills Private Wealth LLC lessened its position in ASML Holding (NASDAQ:ASML) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 295 shares of the semiconductor company’s stock after selling 13 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in ASML were worth $302,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ASML. American Capital Advisory LLC acquired a new position in ASML during the first quarter worth $26,000. WD Rutherford LLC acquired a new position in shares of ASML during the 1st quarter worth about $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. First Community Trust NA bought a new stake in ASML during the second quarter worth about $34,000. Finally, POM Investment Strategies LLC acquired a new position in ASML during the second quarter valued at approximately $36,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.0 %

Shares of ASML opened at $816.36 on Friday. The firm’s 50-day simple moving average is $898.19 and its 200 day simple moving average is $945.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The firm has a market cap of $322.13 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.37 earnings per share. On average, analysts forecast that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.55%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Susquehanna raised their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

About ASML

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.