Barnes Pettey Financial Advisors LLC Purchases New Position in ASML Holding N.V. $ASML

Barnes Pettey Financial Advisors LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 250 shares of the semiconductor company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of ASML by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ASML by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after purchasing an additional 7,164 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of ASML by 5.2% during the second quarter. Franklin Resources Inc. now owns 763,590 shares of the semiconductor company’s stock valued at $611,933,000 after purchasing an additional 37,994 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ASML by 101.0% during the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock worth $484,562,000 after purchasing an additional 367,505 shares during the last quarter. Finally, Fayez Sarofim & Co grew its holdings in shares of ASML by 2.7% during the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock worth $470,910,000 after purchasing an additional 18,516 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

Shares of NASDAQ ASML opened at $966.57 on Friday. The company has a market capitalization of $380.14 billion, a PE ratio of 39.34, a P/E/G ratio of 1.76 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,086.11. The firm has a fifty day simple moving average of $1,000.20 and a 200 day simple moving average of $840.89.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. ASML had a net margin of 27.08% and a return on equity of 47.74%. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm posted $5.28 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were paid a dividend of $1.857 per share. This is an increase from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is 25.76%.

Wall Street Analyst Weigh In

ASML has been the subject of a number of research reports. HSBC reiterated a “buy” rating on shares of ASML in a report on Friday, October 17th. Susquehanna lifted their price target on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. DZ Bank restated a “neutral” rating on shares of ASML in a report on Wednesday, October 15th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Thursday, October 16th. Finally, Hsbc Global Res raised ASML to a “strong-buy” rating in a research note on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,076.33.

ASML Company 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.