Archford Capital Strategies LLC Acquires 66 Shares of ASML Holding (NASDAQ:ASML)

Archford Capital Strategies LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674 shares of the semiconductor company’s stock after buying an additional 66 shares during the period. Archford Capital Strategies LLC’s holdings in ASML were worth $690,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASML. Abundance Wealth Counselors grew its stake in ASML by 7.7% in the 2nd quarter. Abundance Wealth Counselors now owns 571 shares of the semiconductor company’s stock valued at $584,000 after buying an additional 41 shares during the last quarter. Leavell Investment Management Inc. increased its stake in shares of ASML by 15.6% in the second quarter. Leavell Investment Management Inc. now owns 2,086 shares of the semiconductor company’s stock worth $2,133,000 after purchasing an additional 282 shares during the period. SteelPeak Wealth LLC boosted its stake in ASML by 15.3% during the 2nd quarter. SteelPeak Wealth LLC now owns 3,346 shares of the semiconductor company’s stock valued at $3,422,000 after purchasing an additional 445 shares during the period. 180 Wealth Advisors LLC boosted its stake in ASML by 2.5% during the 2nd quarter. 180 Wealth Advisors LLC now owns 929 shares of the semiconductor company’s stock valued at $987,000 after purchasing an additional 23 shares during the period. Finally, Lockerman Financial Group Inc. grew its holdings in ASML by 14.7% in the 2nd quarter. Lockerman Financial Group Inc. now owns 344 shares of the semiconductor company’s stock valued at $352,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price 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. Susquehanna increased 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. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased 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 note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Price Performance

ASML stock traded down $13.14 on Friday, reaching $915.11. The company’s stock had a trading volume of 430,597 shares, compared to its average volume of 1,232,418. The business’s fifty day moving average price is $976.05 and its 200 day moving average price is $953.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The company has a market cap of $361.09 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 1.87 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 earnings per share for the quarter, beating 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 firm had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter last year, the company posted $5.37 EPS. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts expect that ASML Holding will post 20.3 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared 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 represents a $7.49 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 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.