Beverly Hills Private Wealth LLC Sells 13 Shares of ASML Holding (NASDAQ:ASML)

Beverly Hills Private Wealth LLC reduced its stake in ASML Holding (NASDAQ:ASML) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 295 shares of the semiconductor company’s stock after selling 13 shares during the period. Beverly Hills Private Wealth LLC’s holdings in ASML were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in ASML by 2.0% in the 4th quarter. Fisher Asset Management LLC now owns 4,967,958 shares of the semiconductor company’s stock valued at $3,760,348,000 after buying an additional 95,795 shares during the period. Jennison Associates LLC boosted its position in shares of ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock worth $1,668,386,000 after acquiring an additional 572,996 shares in the last quarter. GQG Partners LLC increased its stake in ASML by 21.6% in the first quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after acquiring an additional 294,784 shares during the last quarter. Sands Capital Management LLC increased its stake in ASML by 8.1% in the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after acquiring an additional 121,847 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in ASML by 15.4% during the second quarter. Van ECK Associates Corp now owns 1,282,396 shares of the semiconductor company’s stock valued at $1,311,545,000 after purchasing an additional 170,992 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the topic of several recent analyst reports. Susquehanna lifted their price target 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. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Wells Fargo & Company lifted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Finally, UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ASML presently has an average rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Trading Up 2.0 %

ASML opened at $816.36 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09. The company’s 50 day moving average price is $898.19 and its two-hundred day moving average price is $945.43. The firm has a market capitalization of $322.13 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last issued its quarterly earnings data 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. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.37 earnings per share. As a group, research analysts predict that ASML Holding will post 20.38 earnings per share for the current 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 issued a dividend of $1.8732 per share. This is an increase from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is presently 28.55%.

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.