GM Advisory Group LLC Decreases Stock Holdings in ASML Holding (NASDAQ:ASML)

GM Advisory Group LLC lowered its position in shares of ASML Holding (NASDAQ:ASML) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the semiconductor company’s stock after selling 31 shares during the period. GM Advisory Group LLC’s holdings in ASML were worth $1,841,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ASML. American Capital Advisory LLC bought a new stake in shares of ASML in the 1st quarter worth approximately $26,000. WD Rutherford LLC purchased a new stake in ASML in the first quarter worth $29,000. Triad Wealth Partners LLC bought a new stake in ASML in the second quarter valued at $31,000. First Community Trust NA purchased a new position in ASML during the 2nd quarter valued at $34,000. Finally, POM Investment Strategies LLC bought a new position in ASML in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $828.16 on Friday. The stock’s 50 day moving average is $876.71 and its 200 day moving average is $941.27. The company has a market capitalization of $326.78 billion, a P/E ratio of 42.30, a PEG 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. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.87 by $0.14. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the company earned $5.37 earnings per share. On average, equities research analysts predict that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.90%. ASML’s payout ratio is 28.50%.

Analyst Ratings Changes

ASML has been the topic of a number of research reports. Susquehanna lifted their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. lifted their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

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.