Mount Yale Investment Advisors LLC Lowers Stake in ASML Holding (NASDAQ:ASML)

Mount Yale Investment Advisors LLC reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 38.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,250 shares of the semiconductor company’s stock after selling 1,997 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in ASML were worth $3,324,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. American Capital Advisory LLC purchased a new stake in ASML in the first quarter worth about $26,000. WD Rutherford LLC purchased a new stake in ASML in the first quarter worth about $29,000. Triad Wealth Partners LLC purchased a new stake in ASML in the second quarter worth about $31,000. Beaird Harris Wealth Management LLC purchased a new stake in ASML in the fourth quarter worth about $34,000. Finally, First Community Trust NA purchased a new stake in ASML in the second quarter worth about $34,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $795.28 on Friday. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The company’s 50 day moving average is $870.91 and its 200 day moving average is $939.66. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The company has a market cap of $313.81 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.49.

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, 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 company had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6 billion. During the same quarter in the prior year, the company earned $5.37 EPS. ASML’s quarterly revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts forecast that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This represents a $7.49 annualized dividend and a yield of 0.94%. The ex-dividend date was Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is 28.50%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna upped 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. JPMorgan Chase & Co. upped their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Four research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.