Commonwealth Financial Services LLC Buys Shares of 206 ASML Holding (NASDAQ:ASML)

Commonwealth Financial Services LLC purchased a new stake in shares of ASML Holding (NASDAQ:ASML) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 206 shares of the semiconductor company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ASML. American Capital Advisory LLC purchased a new position in ASML during the 1st quarter valued at about $26,000. WD Rutherford LLC acquired a new position in shares of ASML in the first quarter valued at approximately $29,000. Triad Wealth Partners LLC purchased a new stake in ASML during the 2nd quarter worth approximately $31,000. Beaird Harris Wealth Management LLC acquired a new stake in ASML during the 4th quarter worth approximately $34,000. Finally, First Community Trust NA purchased a new position in ASML in the 2nd quarter valued at approximately $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ASML. Susquehanna increased their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Finally, Wells Fargo & Company increased their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Price Performance

Shares of NASDAQ:ASML opened at $803.50 on Tuesday. 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 Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The firm has a market capitalization of $317.05 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.96 and a beta of 1.49. The company’s fifty day moving average price is $865.70 and its 200 day moving average price is $937.49.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. The firm 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 revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.37 EPS. As a group, sell-side analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. This is a boost 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.