Hollencrest Capital Management Buys 161 Shares of ASML Holding (NASDAQ:ASML)

Hollencrest Capital Management raised its position in shares of ASML Holding (NASDAQ:ASML) by 128.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 286 shares of the semiconductor company’s stock after purchasing an additional 161 shares during the quarter. Hollencrest Capital Management’s holdings in ASML were worth $293,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Harvard Management Co. Inc. raised its holdings in ASML by 239.8% in the 2nd quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock worth $95,645,000 after acquiring an additional 66,000 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after purchasing an additional 1,007 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of ASML by 169.4% in the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Burford Brothers Inc. bought a new position in shares of ASML during the fourth quarter valued at $761,000. Finally, Montag A & Associates Inc. boosted its position in shares of ASML by 25,520.0% during the first quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock valued at $1,243,000 after buying an additional 1,276 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 5.1 %

Shares of ASML stock opened at $828.16 on Friday. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company’s fifty day simple moving average is $876.71 and its 200-day simple moving average is $941.27. The stock has a market capitalization of $326.78 billion, a PE ratio of 42.30, a P/E/G ratio of 1.96 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.37 earnings per share. As a group, equities analysts anticipate that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a yield of 0.90%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Susquehanna boosted their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. raised their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Finally, UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Company 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.