Arkadios Wealth Advisors Boosts Stock Holdings in ASML Holding N.V. $ASML

Arkadios Wealth Advisors lifted its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 63.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,703 shares of the semiconductor company’s stock after purchasing an additional 662 shares during the period. Arkadios Wealth Advisors’ holdings in ASML were worth $1,365,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new position in shares of ASML in the first quarter valued at approximately $360,262,000. Invesco Ltd. raised its stake in shares of ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the period. Amundi raised its stake in shares of ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock worth $403,215,000 after purchasing an additional 307,214 shares during the period. First Manhattan CO. LLC. raised its stake in shares of ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock worth $469,183,000 after purchasing an additional 268,172 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after buying an additional 199,740 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Citigroup reissued a “buy” rating on shares of ASML in a research report on Tuesday, October 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research note on Friday, October 10th. Susquehanna upped their price objective on ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Finally, Hsbc Global Res upgraded ASML to a “strong-buy” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Stock Down 1.5%

Shares of NASDAQ ASML opened at $1,059.23 on Friday. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11. The business has a 50-day simple moving average of $924.66 and a two-hundred day simple moving average of $802.25. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $416.58 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.76 and a beta of 1.87.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm posted $5.28 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

About ASML

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.