ZRC Wealth Management LLC Acquires Shares of 40 ASML Holding (NASDAQ:ASML)

ZRC Wealth Management LLC acquired a new stake in ASML Holding (NASDAQ:ASML) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40 shares of the semiconductor company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ASML. WD Rutherford LLC purchased a new stake in ASML in the first quarter valued at $29,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of ASML in the fourth quarter worth about $34,000. Creative Financial Designs Inc. ADV grew its holdings in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 15 shares during the period. First Financial Corp IN purchased a new position in ASML during the first quarter valued at approximately $49,000. Finally, Capital Advisors Ltd. LLC acquired a new position in ASML in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Up 2.2 %

ASML stock opened at $1,071.41 on Friday. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22. The business’s 50-day moving average is $977.52 and its 200 day moving average is $915.29. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $422.77 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 2.27 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping the consensus estimate of $2.84 by $0.54. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. On average, sell-side analysts anticipate that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Investors of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.50%. ASML’s payout ratio is currently 32.53%.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Evercore ISI began coverage on ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company increased their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average target price of $1,043.00.

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.