ASML Holding N.V. (NASDAQ:ASML) Shares Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC increased its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,558 shares of the semiconductor company’s stock after purchasing an additional 18 shares during the period. Thoroughbred Financial Services LLC’s holdings in ASML were worth $3,020,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ASML. Putney Financial Group LLC boosted its stake in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 29 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in ASML in the 1st quarter valued at about $27,000. Wayfinding Financial LLC bought a new position in shares of ASML during the 1st quarter valued at about $35,000. Pinnacle Bancorp Inc. acquired a new position in shares of ASML in the 1st quarter worth approximately $42,000. Finally, Olde Wealth Management LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $42,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Performance

ASML stock opened at $699.36 on Tuesday. The firm has a 50 day simple moving average of $761.66 and a 200 day simple moving average of $725.88. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05. The stock has a market cap of $275.14 billion, a P/E ratio of 29.19, a P/E/G ratio of 1.40 and a beta of 1.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The company had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the previous year, the company earned $4.01 EPS. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. Research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be given a $1.856 dividend. This represents a $7.42 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.64. ASML’s payout ratio is currently 26.21%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of ASML in a report on Tuesday, June 17th. They set a “market perform” rating and a $806.00 target price for the company. Barclays restated an “equal weight” rating on shares of ASML in a report on Tuesday, June 3rd. Wells Fargo & Company upped their target price on ASML from $840.00 to $890.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Susquehanna dropped their price target on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of ASML in a research note on Monday, May 19th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $923.80.

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.