Aaron Wealth Advisors LLC Has $1.98 Million Holdings in ASML Holding (NASDAQ:ASML)

Aaron Wealth Advisors LLC raised its holdings in ASML Holding (NASDAQ:ASML) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,371 shares of the semiconductor company’s stock after buying an additional 466 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in ASML were worth $1,976,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ASML. Resources Management Corp CT ADV acquired a new position in shares of ASML during the second quarter worth approximately $26,000. WD Rutherford LLC acquired a new position in shares of ASML during the first quarter worth approximately $29,000. Triad Wealth Partners LLC acquired a new position in shares of ASML during the second quarter worth approximately $31,000. First Community Trust NA acquired a new position in shares of ASML during the second quarter worth approximately $34,000. Finally, POM Investment Strategies LLC acquired a new position in shares of ASML during the second quarter worth approximately $36,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

NASDAQ:ASML traded up $24.95 during trading on Friday, reaching $725.55. The company’s stock had a trading volume of 1,668,333 shares, compared to its average volume of 1,366,258. The firm has a market cap of $286.29 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48. 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 has a 50 day moving average of $837.18 and a 200-day moving average of $918.35. ASML Holding has a 12 month low of $573.86 and a 12 month high of $1,110.09.

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

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, November 17th. Shareholders of record on Tuesday, October 29th will be paid a $1.407 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $5.63 dividend on an annualized basis and a yield of 0.78%. ASML’s dividend payout ratio (DPR) is presently 28.50%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ASML. Wells Fargo & Company lowered their target price on ASML from $1,000.00 to $790.00 and set an “overweight” rating on the stock in a research report on Thursday. Berenberg Bank raised ASML to a “strong-buy” rating in a research report on Wednesday, October 2nd. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna decreased their price target on ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. decreased their price target on ASML from $1,207.00 to $1,148.00 and set an “overweight” rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,018.00.

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.