ASML Holding (NASDAQ:ASML) Position Trimmed by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership reduced its stake in shares of ASML Holding (NASDAQ:ASML) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,506 shares of the semiconductor company’s stock after selling 657 shares during the period. Prio Wealth Limited Partnership’s holdings in ASML were worth $28,131,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Evoke Wealth LLC bought a new position in shares of ASML during the 4th quarter valued at $239,000. The Manufacturers Life Insurance Company boosted its stake in shares of ASML by 76.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 143,967 shares of the semiconductor company’s stock worth $108,972,000 after acquiring an additional 62,205 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of ASML by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 24,124 shares of the semiconductor company’s stock worth $18,260,000 after acquiring an additional 577 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new stake in ASML in the 4th quarter worth approximately $2,719,000. Finally, CIBC Private Wealth Group LLC boosted its position in ASML by 14.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 129,941 shares of the semiconductor company’s stock worth $98,288,000 after purchasing an additional 16,643 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ASML. Morgan Stanley downgraded shares of ASML from an “overweight” rating to an “equal weight” rating in a report on Friday, September 20th. Susquehanna lifted their price target on ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. UBS Group cut ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Trading Down 1.3 %

Shares of ASML stock opened at $822.35 on Wednesday. The stock has a market cap of $324.49 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 1.97 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52. ASML Holding has a 52-week low of $567.57 and a 52-week high of $1,110.09. The firm has a fifty day moving average of $851.46 and a 200-day moving average of $931.66.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 company had revenue of $6.24 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $5.37 EPS. On average, equities research analysts forecast that ASML Holding will post 20.38 earnings per share for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were issued a dividend of $1.8732 per share. 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 dividend on an annualized basis and a dividend yield of 0.91%. ASML’s dividend payout ratio (DPR) is presently 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.