Beacon Capital Management LLC Sells 50 Shares of ASML Holding (NASDAQ:ASML)

Beacon Capital Management LLC decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 35.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Beacon Capital Management LLC’s holdings in ASML were worth $87,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ASML. American Capital Advisory LLC purchased a new stake in ASML in the first quarter worth approximately $26,000. WD Rutherford LLC purchased a new stake in ASML in the first quarter worth approximately $29,000. ZRC Wealth Management LLC purchased a new stake in ASML in the first quarter worth approximately $39,000. Rocky Mountain Advisers LLC boosted its stake in ASML by 110.0% in the first quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock worth $41,000 after buying an additional 22 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of ASML during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Down 5.5 %

Shares of NASDAQ:ASML traded down $51.39 on Thursday, hitting $885.31. 1,229,455 shares of the company traded hands, compared to its average volume of 1,199,546. ASML Holding has a 52 week low of $563.99 and a 52 week 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. The stock has a 50 day simple moving average of $1,001.51 and a 200-day simple moving average of $948.42. The company has a market cap of $349.33 billion, a PE ratio of 46.24, a PEG ratio of 1.82 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, beating the consensus estimate of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the company earned $5.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. As a group, research analysts expect that ASML Holding will post 20.3 earnings per share for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be issued a dividend of $1.8732 per share. The ex-dividend date of this dividend is Monday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.85%. ASML’s dividend payout ratio (DPR) is presently 28.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ASML shares. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Sanford C. Bernstein decreased their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Evercore ISI initiated coverage on ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company upped their target price on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given 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 price target of $1,147.80.

ASML 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.