Lazari Capital Management Inc. Buys New Stake in ASML Holding (NASDAQ:ASML)

Lazari Capital Management Inc. purchased a new position in shares of ASML Holding (NASDAQ:ASML) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 486 shares of the semiconductor company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC purchased a new position in ASML in the first quarter valued at approximately $26,000. Resources Management Corp CT ADV purchased a new stake in ASML in the second quarter valued at $26,000. WD Rutherford LLC acquired a new position in ASML in the first quarter valued at $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML during the second quarter worth about $31,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the 4th quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ASML. JPMorgan Chase & Co. lifted their price target on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Morgan Stanley cut ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 20th. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Finally, Susquehanna increased their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 1.3 %

ASML opened at $822.35 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. The company has a market cap of $324.49 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.97 and a beta of 1.49. ASML Holding has a one year low of $567.57 and a one year high of $1,110.09. The business’s fifty day moving average is $851.46 and its two-hundred day moving average is $931.66.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.37 earnings per share. Analysts anticipate 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 paid a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, July 29th. This represents a $7.49 annualized dividend and a yield of 0.91%. ASML’s payout ratio is presently 28.50%.

ASML 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.