Pathway Financial Advisers LLC Buys 39 Shares of ASML Holding (NASDAQ:ASML)

Pathway Financial Advisers LLC increased its stake in ASML Holding (NASDAQ:ASML) by 50.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117 shares of the semiconductor company’s stock after purchasing an additional 39 shares during the period. Pathway Financial Advisers LLC’s holdings in ASML were worth $114,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Resources Management Corp CT ADV acquired a new stake in ASML in the second quarter valued at about $26,000. American Capital Advisory LLC bought a new position in ASML in the 1st quarter valued at approximately $26,000. WD Rutherford LLC acquired a new stake in ASML in the first quarter valued at approximately $29,000. Triad Wealth Partners LLC bought a new stake in shares of ASML during the second quarter worth $31,000. Finally, First Community Trust NA acquired a new position in shares of ASML during the second quarter worth $34,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASML. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company boosted their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Trading Down 1.3 %

NASDAQ:ASML opened at $822.35 on Wednesday. ASML Holding has a 52 week low of $567.57 and a 52 week high of $1,110.09. 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 firm’s fifty day moving average is $851.46 and its 200-day moving average is $931.66. The firm has a market cap of $324.49 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.97 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the firm posted $5.37 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. Equities analysts expect that ASML Holding will post 20.38 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date 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.