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

Main Street Financial Solutions LLC purchased a new position in ASML Holding N.V. (NASDAQ:ASML) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 332 shares of the semiconductor company’s stock, valued at approximately $660,000.

Other hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new stake in ASML during the fourth quarter worth $26,000. Portus Wealth Advisors LLC purchased a new position in shares of ASML in the first quarter valued at $32,000. Resources Management Corp CT ADV increased its position in shares of ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after buying an additional 11 shares during the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the 4th quarter worth $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ ASML opened at $1,802.98 on Wednesday. The business’s 50-day moving average price is $1,784.83 and its 200 day moving average price is $1,573.92. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a twelve month low of $716.20 and a twelve month high of $1,999.96. The company has a market capitalization of $709.08 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79.

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

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date of this dividend 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 currently 22.62%.

Analyst Ratings Changes

Several equities research analysts recently commented on ASML shares. Susquehanna reiterated a “positive” rating on shares of ASML in a research report on Tuesday, June 30th. Bank of America raised their target price on shares of ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company lifted their target price on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.