Lmcg Investments LLC Purchases 1,893 Shares of ASML Holding (NASDAQ:ASML)

Lmcg Investments LLC increased its holdings in ASML Holding (NASDAQ:ASML) by 18.9% during the 2nd quarter, Holdings Channel reports. The firm owned 11,924 shares of the semiconductor company’s stock after buying an additional 1,893 shares during the period. Lmcg Investments LLC’s holdings in ASML were worth $12,195,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Salem Investment Counselors Inc. lifted its position in ASML by 41.1% during the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock valued at $3,355,000 after buying an additional 1,007 shares during the period. Harvard Management Co. Inc. boosted its stake in ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in ASML by 22.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock worth $1,552,000 after purchasing an additional 371 shares during the period. Cetera Investment Advisers increased its stake in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock valued at $22,661,000 after purchasing an additional 14,682 shares in the last quarter. Finally, Burford Brothers Inc. purchased a new position in shares of ASML during the fourth quarter valued at approximately $761,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

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

ASML Price Performance

NASDAQ ASML opened at $803.04 on Tuesday. The company has a 50-day moving average price of $892.70 and a 200-day moving average price of $944.45. ASML Holding has a 52 week low of $563.99 and a 52 week 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 market capitalization of $316.87 billion, a P/E ratio of 41.01, a PEG ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping the consensus estimate of $3.87 by $0.14. The firm 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 business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.37 earnings per share. Equities research analysts anticipate 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. Investors of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.93%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend 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.