Innovative Asset Advisors Group LLC lifted its stake in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 783.5% in the second quarter, HoldingsChannel.com reports. The fund owned 6,008 shares of the semiconductor company’s stock after acquiring an additional 5,328 shares during the quarter. ASML accounts for approximately 5.2% of Innovative Asset Advisors Group LLC’s portfolio, making the stock its 2nd largest position. Innovative Asset Advisors Group LLC’s holdings in ASML were worth $11,953,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC raised its position in ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 6 shares in the last quarter. Whitener Capital Management Inc. lifted its stake in ASML by 2.8% during the second quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after purchasing an additional 6 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in shares of ASML by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 6 shares in the last quarter. Family Capital Management Inc. boosted its holdings in shares of ASML by 0.8% in the 4th quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock worth $983,000 after purchasing an additional 7 shares in the last quarter. Finally, 44 Wealth Management LLC increased its position in shares of ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after purchasing an additional 7 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.
ASML Trading Up 0.0%
NASDAQ ASML opened at $1,844.45 on Monday. ASML Holding N.V. has a 1-year low of $716.20 and a 1-year high of $1,999.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $1,781.65 and a 200-day moving average of $1,568.23. The firm has a market cap of $725.39 billion, a PE ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.
ASML Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s dividend payout ratio is 22.62%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ASML. Citigroup reissued a “buy” rating on shares of ASML in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Bank of America increased their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. UBS Group reissued a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.
View Our Latest Research Report on ASML
About ASML
ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.
ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.
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