Redmont Wealth Advisors LLC Makes New $62,000 Investment in ASML Holding (NASDAQ:ASML)

Redmont Wealth Advisors LLC purchased a new position in ASML Holding (NASDAQ:ASML) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 64 shares of the semiconductor company’s stock, valued at approximately $62,000.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after purchasing an additional 245,488 shares in the last quarter. Wellington Management Group LLP grew its position in shares of ASML by 35.6% during the fourth quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares in the last quarter. Kodai Capital Management LP purchased a new position in shares of ASML during the fourth quarter valued at about $150,318,000. Jennison Associates LLC grew its position in shares of ASML by 15.3% during the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock valued at $867,549,000 after purchasing an additional 151,844 shares in the last quarter. Finally, Sands Capital Management LLC grew its position in shares of ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after purchasing an additional 121,847 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

ASML stock traded up $23.52 during mid-day trading on Wednesday, reaching $1,071.41. The company’s stock had a trading volume of 779,818 shares, compared to its average volume of 1,128,292. The company’s 50 day moving average is $970.56 and its two-hundred day moving average is $913.09. The stock has a market cap of $422.77 billion, a PE ratio of 54.32, a P/E/G ratio of 2.16 and a beta of 1.49. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,077.22.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. Equities research analysts expect that ASML Holding will post 20.12 EPS for the current year.

ASML Cuts Dividend

The business also recently announced 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 annualized dividend and a yield of 0.50%. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ASML shares. Sanford C. Bernstein decreased their price objective on shares of 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. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Three investment 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $1,043.00.

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.