J.W. Cole Advisors Inc. Increases Stock Position in ASML Holding (NASDAQ:ASML)

J.W. Cole Advisors Inc. grew its holdings in shares of ASML Holding (NASDAQ:ASML) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,156 shares of the semiconductor company’s stock after acquiring an additional 279 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in ASML were worth $1,182,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ASML. American Capital Advisory LLC purchased a new position in shares of ASML in the first quarter worth $26,000. WD Rutherford LLC bought a new stake in ASML in the first quarter valued at $29,000. Triad Wealth Partners LLC bought a new stake in ASML in the second quarter valued at $31,000. Beaird Harris Wealth Management LLC bought a new stake in shares of ASML during the 4th quarter valued at $34,000. Finally, First Community Trust NA bought a new stake in shares of ASML during the 2nd quarter valued at $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 2.0 %

ASML stock opened at $816.36 on Monday. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market capitalization of $322.13 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 1.96 and a beta of 1.49. The business has a 50 day simple moving average of $898.19 and a two-hundred day simple moving average of $945.50.

ASML (NASDAQ:ASML) last posted its quarterly 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 firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.37 EPS. Research analysts anticipate that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, July 29th. ASML’s dividend payout ratio is currently 28.50%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna upped their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Finally, Wells Fargo & Company boosted their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.