Legacy Financial Advisors Inc. Invests $1.42 Million in ASML Holding N.V. $ASML

Legacy Financial Advisors Inc. purchased a new stake in ASML Holding N.V. (NASDAQ:ASML) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,470 shares of the semiconductor company’s stock, valued at approximately $1,423,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new stake in shares of ASML during the 3rd quarter worth $25,000. City Holding Co. acquired a new stake in shares of ASML in the third quarter valued at about $26,000. Binnacle Investments Inc boosted its holdings in ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in ASML during the second quarter worth about $30,000. Finally, Albion Financial Group UT increased its holdings in ASML by 27.8% in the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Performance

NASDAQ ASML opened at $1,469.59 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $1,493.47. The business has a fifty day moving average of $1,279.18 and a 200-day moving average of $1,060.76. The stock has a market cap of $577.96 billion, a price-to-earnings ratio of 56.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.89.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a $3.1771 dividend. This is a positive change from ASML’s previous quarterly dividend of $1.88. The ex-dividend date is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. ASML’s payout ratio is currently 25.10%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASML. Jefferies Financial Group restated a “neutral” rating on shares of ASML in a report on Wednesday, January 28th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Bank of America raised their price target on ASML from $1,092.00 to $1,331.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a research note on Monday, February 2nd. Finally, Citigroup reissued a “buy” rating on shares of ASML in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,475.00.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.