Redwood Wealth Management Group LLC Makes New Investment in ASML Holding (NASDAQ:ASML)

Redwood Wealth Management Group LLC acquired a new stake in shares of ASML Holding (NASDAQ:ASML) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 119 shares of the semiconductor company’s stock, valued at approximately $122,000.

Other large investors also recently modified their holdings of the company. Aveo Capital Partners LLC raised its stake in ASML by 25.7% during the 4th quarter. Aveo Capital Partners LLC now owns 636 shares of the semiconductor company’s stock valued at $481,000 after purchasing an additional 130 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of ASML by 16.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 37,168 shares of the semiconductor company’s stock valued at $28,133,000 after purchasing an additional 5,297 shares in the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of ASML by 22.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock worth $1,552,000 after purchasing an additional 371 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of ASML by 27.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,365 shares of the semiconductor company’s stock worth $1,033,000 after buying an additional 297 shares in the last quarter. Finally, NorthRock Partners LLC purchased a new position in ASML during the 4th quarter valued at approximately $311,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.0 %

Shares of ASML stock opened at $816.36 on Monday. 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 market cap of $322.13 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 1.96 and a beta of 1.49. The firm’s 50-day moving average is $898.19 and its two-hundred day moving average is $945.50. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6 billion. During the same period in the prior year, the firm posted $5.37 earnings per share. The company’s quarterly revenue was down 9.5% on a year-over-year basis. As a group, research analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently declared 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 a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s payout ratio is currently 28.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ASML shares. Susquehanna raised their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. increased their price target 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. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Wells Fargo & Company raised their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ASML currently has an average rating of “Moderate Buy” and a consensus price target of $1,147.80.

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.