Prime Capital Investment Advisors LLC Has $3.28 Million Position in ASML Holding (NASDAQ:ASML)

Prime Capital Investment Advisors LLC reduced its stake in ASML Holding (NASDAQ:ASML) by 17.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,210 shares of the semiconductor company’s stock after selling 693 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ASML were worth $3,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hilltop National Bank lifted its holdings in shares of ASML by 1.0% during the second quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after buying an additional 10 shares during the last quarter. First PREMIER Bank lifted its holdings in shares of ASML by 4.2% during the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after buying an additional 11 shares during the last quarter. Investment Partners LTD. lifted its holdings in shares of ASML by 1.2% during the first quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after buying an additional 11 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of ASML by 1.1% during the second quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 12 shares during the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in shares of ASML by 2.8% during the second quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock worth $454,000 after buying an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Susquehanna boosted their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. boosted their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Three investment 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. According to MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Performance

ASML stock opened at $803.04 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. The stock has a fifty day moving average price of $892.70 and a two-hundred day moving average price of $944.45. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,110.09. The firm has a market capitalization of $316.87 billion, a P/E ratio of 41.01, a P/E/G ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the company posted $5.37 earnings per share. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, analysts anticipate that ASML Holding will post 20.38 EPS 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 paid a $1.8732 dividend. The ex-dividend date of this dividend was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.93%. ASML’s dividend payout ratio (DPR) is 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.