ASB Consultores LLC Decreases Stock Position in ASML Holding (NASDAQ:ASML)

ASB Consultores LLC trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 461 shares of the semiconductor company’s stock after selling 159 shares during the period. ASB Consultores LLC’s holdings in ASML were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ASML. Mercer Global Advisors Inc. ADV boosted its holdings in ASML by 4,379.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock worth $910,102,000 after purchasing an additional 870,010 shares during the last quarter. Jennison Associates LLC lifted its holdings in ASML by 50.0% in the first quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after acquiring an additional 572,996 shares during the period. Fayez Sarofim & Co purchased a new position in ASML in the first quarter worth about $542,710,000. GQG Partners LLC boosted its holdings in shares of ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock worth $1,608,921,000 after buying an additional 294,784 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in ASML by 11,084.1% in the first quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock worth $238,784,000 after acquiring an additional 243,850 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ASML shares. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Wells Fargo & Company increased their target price 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. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Susquehanna increased their price objective 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Three investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

ASML Stock Performance

ASML stock opened at $828.16 on Friday. The company’s 50-day moving average price is $876.71 and its 200-day moving average price is $941.27. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market cap of $326.78 billion, a PE ratio of 42.30, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6 billion. During the same quarter last year, the business earned $5.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts forecast that ASML Holding will post 20.38 EPS 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 paid a dividend of $1.8732 per share. The ex-dividend date of this dividend was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.90%. ASML’s dividend payout ratio (DPR) is currently 28.50%.

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.