Naviter Wealth LLC Has $7.16 Million Stake in ASML Holding (NASDAQ:ASML)

Naviter Wealth LLC grew its position in ASML Holding (NASDAQ:ASML) by 10.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,378 shares of the semiconductor company’s stock after purchasing an additional 709 shares during the quarter. ASML comprises approximately 1.2% of Naviter Wealth LLC’s investment portfolio, making the stock its 17th biggest position. Naviter Wealth LLC’s holdings in ASML were worth $7,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WD Rutherford LLC acquired a new stake in ASML in the first quarter valued at $29,000. Beaird Harris Wealth Management LLC acquired a new stake in ASML during the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV grew its holdings in ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 15 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in ASML during the 4th quarter worth about $44,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in ASML during the 4th quarter worth about $49,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASML. Wells Fargo & Company increased their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Finally, Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Stock Performance

Shares of ASML stock traded up $14.40 during mid-day trading on Tuesday, hitting $1,047.89. 747,939 shares of the stock were exchanged, compared to its average volume of 1,130,090. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,077.22. The company has a 50-day simple moving average of $967.63 and a 200 day simple moving average of $911.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The company has a market capitalization of $413.49 billion, a P/E ratio of 53.38, a P/E/G ratio of 2.16 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping the consensus estimate of $2.84 by $0.54. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. Sell-side analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were issued a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.51%. ASML’s dividend payout ratio (DPR) is presently 32.48%.

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.