ASML Holding (NASDAQ:ASML) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its stake in shares of ASML Holding (NASDAQ:ASML) by 23.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 414 shares of the semiconductor company’s stock after selling 127 shares during the period. Park Place Capital Corp’s holdings in ASML were worth $402,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in ASML by 48,040.7% during the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock worth $186,202,000 after acquiring an additional 245,488 shares during the last quarter. Wellington Management Group LLP grew its holdings in ASML by 35.6% during the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after buying an additional 203,860 shares during the last quarter. Kodai Capital Management LP purchased a new position in ASML during the fourth quarter worth $150,318,000. Jennison Associates LLC raised its holdings in shares of ASML by 15.3% in the fourth quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after acquiring an additional 151,844 shares during the last quarter. Finally, Sands Capital Management LLC lifted its position in shares of ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after acquiring an additional 121,847 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 1.1 %

Shares of ASML opened at $1,033.49 on Tuesday. The firm has a market cap of $407.80 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 2.16 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. The company’s fifty day moving average is $964.40 and its two-hundred day moving average is $909.05. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,077.22.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The firm had revenue of $5.74 billion for 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%. Analysts forecast that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The firm also recently announced 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. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ASML shares. Sanford C. Bernstein dropped their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Wells Fargo & Company raised their target price 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, Evercore ISI started coverage on ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Three investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Company 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.