American Money Management LLC Buys 751 Shares of ASML Holding N.V. (NASDAQ:ASML)

American Money Management LLC boosted its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 9.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,557 shares of the semiconductor company’s stock after buying an additional 751 shares during the quarter. American Money Management LLC’s holdings in ASML were worth $5,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASML. Putney Financial Group LLC increased its position in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 29 shares during the period. Banque Cantonale Vaudoise purchased a new position in ASML during the 1st quarter valued at about $27,000. Wayfinding Financial LLC purchased a new position in ASML during the 1st quarter valued at about $35,000. Pinnacle Bancorp Inc. purchased a new position in ASML during the 1st quarter valued at about $42,000. Finally, Olde Wealth Management LLC purchased a new position in shares of ASML in the 1st quarter worth approximately $42,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.9%

ASML stock opened at $755.57 on Thursday. The firm has a 50 day moving average of $757.96 and a 200 day moving average of $724.63. The stock has a market capitalization of $297.26 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.76. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $4.01 earnings per share. Sell-side analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. This represents a $7.42 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio (DPR) is presently 26.17%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a research report on Thursday, June 26th. DZ Bank downgraded shares of ASML from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Susquehanna cut their price objective on shares of ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research report on Thursday, April 17th. Citigroup reaffirmed a “buy” rating on shares of ASML in a research report on Monday, May 19th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of ASML in a research report on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $923.80.

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.