Darden Wealth Group Inc Has $1.14 Million Position in ASML Holding N.V. $ASML

Darden Wealth Group Inc lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 9.2% in the second quarter, Holdings Channel reports. The firm owned 1,423 shares of the semiconductor company’s stock after selling 145 shares during the period. Darden Wealth Group Inc’s holdings in ASML were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ASML. Princeton Global Asset Management LLC grew its stake in ASML by 153.8% in the 2nd quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in ASML during the first quarter valued at about $27,000. Washington Trust Advisors Inc. grew its position in shares of ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 22 shares during the last quarter. Maseco LLP bought a new position in shares of ASML in the second quarter worth about $32,000. Finally, Knuff & Co LLC bought a new position in shares of ASML in the first quarter worth about $33,000. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

ASML has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Hsbc Global Res raised shares of ASML to a “strong-buy” rating in a research report on Monday, October 6th. Barclays reissued an “overweight” rating on shares of ASML in a report on Tuesday, September 30th. Finally, Arete Research upgraded shares of ASML to a “strong-buy” rating in a report on Friday, September 12th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,051.60.

ASML Stock Performance

NASDAQ:ASML opened at $1,033.10 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $892.92 and a 200 day moving average price of $788.69. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00. The firm has a market capitalization of $406.30 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping 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 company had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.28 earnings per share. Research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be paid a $1.857 dividend. This represents a $7.43 annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, October 29th. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio (DPR) is presently 25.56%.

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.