Wellspring Financial Advisors LLC Invests $249,000 in ASML Holding N.V. $ASML

Wellspring Financial Advisors LLC bought a new stake in ASML Holding N.V. (NASDAQ:ASML) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 311 shares of the semiconductor company’s stock, valued at approximately $249,000.

Other large investors have also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC grew its position in ASML by 25.3% during the second quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after buying an additional 941 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in ASML by 6.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock valued at $15,153,000 after acquiring an additional 1,225 shares during the last quarter. Acadian Asset Management LLC lifted its position in ASML by 97.6% during the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after buying an additional 76,023 shares during the period. Prospera Financial Services Inc grew its stake in shares of ASML by 115.9% during the 2nd quarter. Prospera Financial Services Inc now owns 5,144 shares of the semiconductor company’s stock valued at $4,125,000 after buying an additional 2,761 shares during the period. Finally, Soltis Investment Advisors LLC raised its holdings in ASML by 67.9% in the second quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock valued at $3,365,000 after buying an additional 1,698 shares during the period. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

NASDAQ:ASML opened at $1,088.84 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The company has a 50-day moving average of $1,015.82 and a 200-day moving average of $854.28. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,091.30. The company has a market capitalization of $428.22 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 1.76 and a beta of 1.88.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.80 billion during the quarter, compared to analyst estimates of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.28 earnings per share. As a group, equities research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were paid a $1.857 dividend. This is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is presently 25.76%.

Analyst Ratings Changes

Several equities analysts recently commented on ASML shares. New Street Research reissued a “neutral” rating on shares of ASML in a research report on Monday, October 6th. Weiss Ratings upgraded shares of ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Morningstar downgraded ASML to a “hold” rating in a research note on Thursday, September 18th. Bank Degroof downgraded ASML to a “hold” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research report on Friday, October 10th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,093.00.

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.