Legacy Financial Strategies LLC Has $1.01 Million Stock Position in ASML Holding (NASDAQ:ASML)

Legacy Financial Strategies LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,036 shares of the semiconductor company’s stock after acquiring an additional 20 shares during the period. Legacy Financial Strategies LLC’s holdings in ASML were worth $1,005,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC acquired a new stake in ASML during the fourth quarter worth approximately $34,000. Creative Financial Designs Inc. ADV raised its position in shares of ASML by 48.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 15 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of ASML in the fourth quarter valued at approximately $44,000. Bruce G. Allen Investments LLC acquired a new stake in shares of ASML in the fourth quarter valued at approximately $49,000. Finally, Adirondack Trust Co. raised its position in shares of ASML by 120.0% in the fourth quarter. Adirondack Trust Co. now owns 66 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 36 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ ASML traded down $14.14 during midday trading on Friday, reaching $1,036.60. 1,506,195 shares of the company were exchanged, compared to its average volume of 1,147,213. The stock’s 50-day moving average price is $952.81 and its 200-day moving average price is $893.02. The stock has a market cap of $409.03 billion, a P/E ratio of 52.94, a PEG ratio of 2.24 and a beta of 1.49. ASML Holding has a one year low of $563.99 and a one year high of $1,077.22. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were paid a $1.343 dividend. The ex-dividend date was Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.52%. ASML’s dividend payout ratio is 32.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ASML shares. HSBC started coverage on shares of ASML in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. Wells Fargo & Company lifted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday. Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

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.