Prime Capital Investment Advisors LLC Has $3.28 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Prime Capital Investment Advisors LLC cut its holdings in ASML Holding (NASDAQ:ASML) by 17.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,210 shares of the semiconductor company’s stock after selling 693 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ASML were worth $3,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ASML. American Capital Advisory LLC bought a new position in ASML in the first quarter valued at about $26,000. WD Rutherford LLC bought a new position in ASML in the first quarter valued at about $29,000. Triad Wealth Partners LLC bought a new position in ASML in the second quarter valued at about $31,000. Beaird Harris Wealth Management LLC bought a new position in ASML in the fourth quarter valued at about $34,000. Finally, First Community Trust NA bought a new position in ASML in the second quarter valued at about $34,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Trading Down 1.6 %

NASDAQ:ASML opened at $803.04 on Tuesday. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The stock has a market capitalization of $316.87 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. The business’s 50-day simple moving average is $892.70 and its 200-day simple moving average is $944.45.

ASML (NASDAQ:ASML) last released its quarterly earnings data on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the business posted $5.37 EPS. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. Sell-side analysts expect that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. ASML’s payout ratio is 28.50%.

Analyst Ratings Changes

Several research firms recently issued reports on ASML. Wells Fargo & Company raised their price target on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Susquehanna raised their target price on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. JPMorgan Chase & Co. raised their target price on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Finally, Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

About ASML

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.