Hennion & Walsh Asset Management Inc. Takes $308,000 Position in ASML Holding (NASDAQ:ASML) – Defense World
Posted by Defense World Staff on Jul 5th, 2024 
Hennion & Walsh Asset Management Inc. acquired a new stake in ASML Holding (NASDAQ:ASML – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 317 shares of the semiconductor company’s stock, valued at approximately $308,000.
Several other large investors also recently modified their holdings of the stock. Opinicus Capital Inc. bought a new position in shares of ASML in the first quarter valued at about $238,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter valued at about $29,000. Independence Bank of Kentucky raised its position in shares of ASML by 2.1% in the first quarter. Independence Bank of Kentucky now owns 1,178 shares of the semiconductor company’s stock valued at $1,143,000 after purchasing an additional 24 shares during the period. Norris Perne & French LLP MI bought a new position in shares of ASML in the first quarter valued at about $212,000. Finally, Kathmere Capital Management LLC bought a new position in shares of ASML in the first quarter valued at about $237,000. 26.07% of the stock is owned by institutional investors.
A number of equities analysts recently commented on ASML shares. Evercore ISI started coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Wells Fargo & Company raised their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein lowered their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,043.00.
View Our Latest Analysis on ASML
Shares of ASML stock opened at $1,071.41 on Friday. The company has a market capitalization of $422.77 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 2.22 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,077.22. The firm’s 50-day moving average price is $974.14 and its two-hundred day moving average price is $914.20.
ASML (NASDAQ:ASML – Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $5.73 billion. ASML had a net margin of 27.23% and a return on equity of 56.99%. On average, analysts forecast that ASML Holding will post 20.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were paid 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 yield of 0.50%. ASML’s payout ratio is 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.
Receive News & Ratings for ASML Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ASML and related companies with MarketBeat.com’s FREE daily email newsletter.
Hennion & Walsh Asset Management Inc. Invests $301,000 in Vanguard Consumer Staples ETF (NYSEARCA:VDC)
Hennion & Walsh Asset Management Inc. Has $288,000 Holdings in BCE Inc. (NYSE:BCE)
