Main Street Financial Solutions LLC Invests $660,000 in ASML Holding N.V. $ASML

Main Street Financial Solutions LLC acquired a new position in shares of ASML Holding N.V. (NASDAQ:ASML) in the second quarter, HoldingsChannel reports. The fund acquired 332 shares of the semiconductor company’s stock, valued at approximately $660,000.

Several other large investors have also made changes to their positions in the company. Boston Common Asset Management LLC acquired a new stake in ASML in the first quarter valued at approximately $4,355,000. Cambridge Investment Research Advisors Inc. boosted its holdings in ASML by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after purchasing an additional 760 shares during the last quarter. Keudell Morrison Wealth Management purchased a new position in ASML in the fourth quarter valued at about $1,402,000. Keybank National Association OH increased its holdings in ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after purchasing an additional 11,459 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of ASML by 507.0% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after purchasing an additional 2,251 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ASML has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of ASML from $2,268.00 to $2,345.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. UBS Group reiterated a “buy” rating on shares of ASML in a research note on Wednesday, July 1st. Barclays reissued an “overweight” rating on shares of ASML in a research report on Thursday, July 16th. DZ Bank upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,970.33.

ASML Stock Performance

Shares of ASML stock opened at $1,802.98 on Wednesday. The company has a market cap of $709.08 billion, a P/E ratio of 56.10, a PEG ratio of 0.92 and a beta of 1.79. The business has a 50 day moving average of $1,784.83 and a two-hundred day moving average of $1,573.92. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96.

ASML (NASDAQ:ASML) last issued its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. As a group, analysts anticipate that ASML Holding N.V. will post 44.85 EPS for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. ASML’s dividend payout ratio (DPR) is presently 22.62%.

ASML Company 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.