Evergreen Capital Management LLC Trims Stake in ASML Holding (NASDAQ:ASML)

Evergreen Capital Management LLC cut its position in shares of ASML Holding (NASDAQ:ASML) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,102 shares of the semiconductor company’s stock after selling 19 shares during the period. Evergreen Capital Management LLC’s holdings in ASML were worth $2,150,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ASML. Harvard Management Co. Inc. grew its stake in shares of ASML by 239.8% during the second quarter. Harvard Management Co. Inc. now owns 93,519 shares of the semiconductor company’s stock valued at $95,645,000 after buying an additional 66,000 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in ASML by 41.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after purchasing an additional 1,007 shares during the period. Cetera Investment Advisers lifted its position in shares of ASML by 169.4% during the first quarter. Cetera Investment Advisers now owns 23,351 shares of the semiconductor company’s stock worth $22,661,000 after purchasing an additional 14,682 shares during the last quarter. Burford Brothers Inc. purchased a new stake in shares of ASML during the fourth quarter valued at $761,000. Finally, Montag A & Associates Inc. grew its holdings in shares of ASML by 25,520.0% in the first quarter. Montag A & Associates Inc. now owns 1,281 shares of the semiconductor company’s stock worth $1,243,000 after purchasing an additional 1,276 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. Susquehanna boosted their price target on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Morgan Stanley downgraded ASML from an “overweight” rating to an “equal weight” rating in a report on Friday. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company lifted their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Four investment 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Stock Performance

ASML stock opened at $803.50 on Tuesday. ASML Holding has a one year low of $563.99 and a one year high of $1,110.09. The firm has a market cap of $317.05 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 1.96 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. The firm has a 50-day simple moving average of $865.70 and a two-hundred day simple moving average of $937.49.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the prior year, the company posted $5.37 earnings per share. ASML’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid 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 dividend on an annualized basis and a yield of 0.93%. ASML’s dividend payout ratio (DPR) is 28.50%.

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.