RDA Financial Network Purchases 1,814 Shares of ASML Holding N.V. $ASML

RDA Financial Network raised its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 89.9% during the second quarter, HoldingsChannel.com reports. The firm owned 3,832 shares of the semiconductor company’s stock after acquiring an additional 1,814 shares during the quarter. ASML makes up 1.7% of RDA Financial Network’s portfolio, making the stock its 12th biggest position. RDA Financial Network’s holdings in ASML were worth $7,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cornerstone Financial Management LLC bought a new stake in shares of ASML during the fourth quarter worth approximately $26,000. Binnacle Investments Inc boosted its stake in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 23 shares during the last quarter. North Star Investment Management Corp. grew its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 11 shares during the period. Finally, Jessup Wealth Management Inc acquired a new stake in ASML during the 4th quarter worth $30,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ASML shares. Freedom Capital raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on ASML from $2,200.00 to $2,400.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. DZ Bank raised ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Morningstar cut ASML to a “sell” rating in a report on Wednesday, May 27th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Trading Up 0.8%

ASML opened at $1,642.52 on Tuesday. The firm’s fifty day moving average is $1,762.39 and its two-hundred day moving average is $1,542.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 1.33. The firm has a market cap of $645.97 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. ASML Holding N.V. has a twelve month low of $684.24 and a twelve month high of $1,999.96.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. The company had revenue of $10.64 billion for the quarter. Equities research analysts anticipate that ASML Holding N.V. will post 44.68 EPS for the current year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th will be issued a dividend of $2.1507 per share. The ex-dividend date is Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s payout ratio is currently 22.62%.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.