Salem Investment Counselors Inc. Buys 1007 Shares of ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jun 24th, 2024 
Salem Investment Counselors Inc. lifted its stake in ASML Holding (NASDAQ:ASML – Free Report) by 41.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,457 shares of the semiconductor company’s stock after purchasing an additional 1,007 shares during the period. Salem Investment Counselors Inc.’s holdings in ASML were worth $3,355,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Beaird Harris Wealth Management LLC purchased a new stake in ASML in the fourth quarter worth about $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 15 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of ASML during the fourth quarter valued at about $44,000. Bruce G. Allen Investments LLC purchased a new stake in shares of ASML during the fourth quarter valued at about $49,000. Finally, Adirondack Trust Co. lifted its position in shares of ASML by 120.0% during the fourth quarter. Adirondack Trust Co. now owns 66 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 36 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.
ASML has been the topic of several 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 on the stock in a report on Friday, April 12th. 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. Finally, Evercore ISI initiated coverage on shares of ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.
Read Our Latest Research Report on ASML
Shares of NASDAQ:ASML opened at $1,036.60 on Monday. The business has a 50-day moving average price of $954.31 and a 200 day moving average price of $898.27. 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 company has a market capitalization of $409.03 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 2.22 and a beta of 1.49. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22.
ASML (NASDAQ:ASML – Get Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Sell-side analysts expect that ASML Holding will post 20.12 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.
(Free Report)
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.
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