ASML Holding (NASDAQ:ASML) Position Cut by Thompson Investment Management Inc.

Thompson Investment Management Inc. cut its holdings in shares of ASML Holding (NASDAQ:ASML) by 36.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45 shares of the semiconductor company’s stock after selling 26 shares during the period. Thompson Investment Management Inc.’s holdings in ASML were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meitav Investment House Ltd. increased its stake in shares of ASML by 219.0% during the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock valued at $2,195,000 after acquiring an additional 2,168 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of ASML by 41.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,457 shares of the semiconductor company’s stock worth $3,355,000 after buying an additional 1,007 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of ASML by 22.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock valued at $1,552,000 after buying an additional 371 shares during the period. Flputnam Investment Management Co. boosted its stake in ASML by 49.1% during the fourth quarter. Flputnam Investment Management Co. now owns 16,047 shares of the semiconductor company’s stock valued at $12,146,000 after buying an additional 5,284 shares in the last quarter. Finally, Telos Capital Management Inc. grew its holdings in ASML by 938.6% during the fourth quarter. Telos Capital Management Inc. now owns 8,278 shares of the semiconductor company’s stock worth $6,266,000 after acquiring an additional 7,481 shares during the period. 26.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on ASML shares. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Wells Fargo & Company increased their price objective on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Susquehanna increased their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. boosted their price target on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Trading Up 2.8 %

ASML stock traded up $22.66 during midday trading on Tuesday, reaching $843.01. The stock had a trading volume of 1,994,272 shares, compared to its average volume of 1,235,062. 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 Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The firm has a market cap of $332.64 billion, a price-to-earnings ratio of 43.71, a PEG ratio of 1.87 and a beta of 1.49. The business has a fifty day simple moving average of $994.84 and a two-hundred day simple moving average of $952.54.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the company posted $5.37 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, research analysts expect that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.89%. This is a boost from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 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.