First Horizon Advisors Inc. buys 77 shares of ASML Holding (NASDAQ:ASML)

First Horizon Advisors Inc. boosted its holdings in shares of ASML Holding (NASDAQ:ASML – Free Report) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 653 shares of the semiconductor company’s stock after acquiring an additional 77 shares during the period. Holdings of First Horizon Advisors Inc. holdings in ASML were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC boosted its holdings in ASML by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 4,977,359 shares of the semiconductor company’s stock worth $3,767,464,000 after buying an additional 105,196 shares in the last quarter. Jennison Associates LLC boosted its holdings in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after purchasing an additional 572,996 shares during the last quarter. GQG Partners LLC boosted its holdings in ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Sands Capital Management LLC boosted its holdings in ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock worth $1,224,002,000 after buying an additional 121,847 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in ASML by 2.7% in the fourth quarter. Clearbridge Investments LLC now owns 1,247,197 shares of the semiconductor company’s stock worth $944,028,000 after buying an additional 32,623 shares during the last quarter. 26.07% of shares are held by institutional investors.

ASML stock down 0.7%

ASML opened at $926.18 on Wednesday. The stock has a market cap of $365.46 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 1.87 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.52, and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $969.49, and its two-hundred-day moving average price is $955.61. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping 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 company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same period in the previous year, the company posted EPS of $5.37. ASML’s revenue was down 9.5% compared to the same quarter last year. As a group, equities analysts expect that ASML Holding will post 20.3 earnings per share for the current year.

ASML increases dividends

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were given a dividend of $1.8732 per share. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29. This represents a dividend of $7.49 on an annualized basis and a yield of 0.81%. ASML’s dividend payout ratio is 28.50%.

The Wall Street analyst weighs in

Several research firms recently weighed in on ASML. Susquehanna boosted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,147.80, according to MarketBeat.

Get the latest research report on ASML

ASML profile

(Free Report)

ASML Holding NV develops, manufactures, markets, sells and services advanced semiconductor equipment systems for chip manufacturers. Provides advanced semiconductor equipment systems including lithography, metrology and inspection systems. The company also offers extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions for the fabrication of a diverse range of semiconductor nodes and technologies.

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