Sage Mountain Advisors LLC Increases Stock Position in ASML Holding (NASDAQ:ASML)

Sage Mountain Advisors LLC lifted its holdings in shares of ASML Holding (NASDAQ:ASML) by 49.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 613 shares of the semiconductor company’s stock after acquiring an additional 204 shares during the quarter. Sage Mountain Advisors LLC’s holdings in ASML were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. American Capital Advisory LLC purchased a new stake in ASML in the 1st quarter worth approximately $26,000. WD Rutherford LLC purchased a new stake in ASML in the 1st quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the 2nd quarter worth approximately $31,000. First Community Trust NA purchased a new stake in ASML in the 2nd quarter worth approximately $34,000. Finally, POM Investment Strategies LLC purchased a new stake in ASML in the 2nd quarter worth approximately $36,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML stock opened at $903.87 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The firm’s fifty day moving average is $945.48 and its 200 day moving average is $954.39. The firm has a market cap of $356.66 billion, a P/E ratio of 46.16, a P/E/G ratio of 1.91 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. ASML had a net margin of 26.50% and a return on equity of 49.93%. The company had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the firm earned $5.37 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. Research analysts predict that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $7.49 annualized dividend and a dividend yield of 0.83%. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio (DPR) is currently 28.55%.

Wall Street Analyst Weigh In

ASML has been the topic of several recent analyst reports. Susquehanna increased their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. increased their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

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.