Tidal Investments LLC Has $3.27 Million Stake in ASML Holding (NASDAQ:ASML)

Tidal Investments LLC raised its stake in shares of ASML Holding (NASDAQ:ASML) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,368 shares of the semiconductor company’s stock after buying an additional 45 shares during the quarter. Tidal Investments LLC’s holdings in ASML were worth $3,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. American Capital Advisory LLC acquired a new stake in ASML during the 1st quarter worth $26,000. WD Rutherford LLC bought a new position in shares of ASML during the 1st quarter valued at about $29,000. Beaird Harris Wealth Management LLC acquired a new position in shares of ASML in the 4th quarter valued at approximately $34,000. ZRC Wealth Management LLC bought a new stake in ASML during the 1st quarter worth approximately $39,000. Finally, Rocky Mountain Advisers LLC raised its holdings in ASML by 110.0% during the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock worth $41,000 after buying an additional 22 shares during the period. 26.07% of the stock is owned by institutional investors.

ASML Stock Performance

NASDAQ ASML traded down $44.91 during trading on Thursday, reaching $891.79. The company’s stock had a trading volume of 645,124 shares, compared to its average volume of 1,195,571. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The firm has a 50 day moving average price of $1,001.51 and a 200 day moving average price of $948.42. The firm has a market capitalization of $351.89 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS 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 for the quarter, compared to analyst estimates of $6 billion. During the same period last year, the firm earned $5.37 EPS. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th will be paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is presently 28.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASML shares. Evercore ISI assumed coverage on shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Finally, Sanford C. Bernstein cut their target price on 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. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

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.