Azzad Asset Management Inc. ADV Has $2.68 Million Stake in ASML Holding (NASDAQ:ASML)

Azzad Asset Management Inc. ADV lifted its holdings in shares of ASML Holding (NASDAQ:ASML) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,217 shares of the semiconductor company’s stock after buying an additional 34 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in ASML were worth $2,680,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML during the 2nd quarter worth approximately $26,000. American Capital Advisory LLC acquired a new stake in shares of ASML during the 1st quarter worth approximately $26,000. WD Rutherford LLC acquired a new stake in shares of ASML during the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the 2nd quarter worth approximately $31,000. Finally, First Community Trust NA acquired a new stake in shares of ASML during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ASML shares. Susquehanna boosted their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Wells Fargo & Company decreased their price objective on shares of ASML from $1,185.00 to $1,000.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,110.80.

ASML Stock Performance

Shares of ASML stock opened at $817.25 on Tuesday. The firm has a market cap of $322.48 billion, a PE ratio of 41.74, a P/E/G ratio of 1.97 and a beta of 1.48. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09. The company’s fifty day simple moving average is $848.94 and its 200-day simple moving average is $929.08. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

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

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.92%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is presently 28.50%.

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.