119 Shares in ASML Holding (NASDAQ:ASML) Acquired by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC bought a new position in shares of ASML Holding (NASDAQ:ASML) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 119 shares of the semiconductor company’s stock, valued at approximately $122,000.

Other hedge funds have also bought and sold shares of the company. American Capital Advisory LLC acquired a new position in shares of ASML in the 1st quarter valued at $26,000. WD Rutherford LLC purchased a new position in shares of ASML in the first quarter worth about $29,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the second quarter worth about $31,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML during the fourth quarter worth about $34,000. Finally, First Community Trust NA purchased a new stake in ASML in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of ASML stock opened at $816.36 on Monday. The firm has a market cap of $322.13 billion, a PE ratio of 41.69, a P/E/G ratio of 1.96 and a beta of 1.49. The business has a 50-day moving average price of $898.19 and a 200 day moving average price of $945.50. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.37 EPS. Sell-side analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is currently 28.50%.

Analyst Ratings Changes

ASML has been the subject of several research reports. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. increased their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Susquehanna raised 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. 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. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

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.