Frank Rimerman Advisors LLC Increases Stock Holdings in ASML Holding (NASDAQ:ASML)

Frank Rimerman Advisors LLC raised its holdings in ASML Holding (NASDAQ:ASML) by 203.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,652 shares of the semiconductor company’s stock after buying an additional 2,447 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in ASML were worth $3,735,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new position in shares of ASML in the 1st quarter valued at approximately $26,000. WD Rutherford LLC acquired a new position in ASML during the 1st quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new position in shares of ASML in the second quarter worth $31,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML during the fourth quarter worth $34,000. Finally, First Community Trust NA purchased a new stake in shares of ASML during the second quarter valued at $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Down 4.0 %

Shares of ASML stock opened at $795.28 on Friday. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The stock has a market cap of $313.81 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49. The stock has a 50 day moving average of $870.91 and a 200 day moving average of $939.66. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31.

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

ASML Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday. Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.