Griffin Asset Management Inc. Has $18.36 Million Position in ASML Holding (NASDAQ:ASML)

Griffin Asset Management Inc. lowered its position in ASML Holding (NASDAQ:ASML) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,922 shares of the semiconductor company’s stock after selling 686 shares during the quarter. ASML makes up approximately 2.2% of Griffin Asset Management Inc.’s portfolio, making the stock its 4th biggest position. Griffin Asset Management Inc.’s holdings in ASML were worth $18,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. WD Rutherford LLC bought a new position in shares of ASML during the 1st quarter valued at $29,000. Beaird Harris Wealth Management LLC bought a new position in shares of ASML during the fourth quarter valued at about $34,000. Creative Financial Designs Inc. ADV increased its holdings in shares of ASML by 48.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after buying an additional 15 shares during the period. First Financial Corp IN bought a new stake in shares of ASML in the 1st quarter valued at about $49,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in ASML during the 4th quarter valued at about $44,000. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASML. Wells Fargo & Company lifted their price target on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Sanford C. Bernstein decreased their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Evercore ISI initiated coverage on shares of ASML in a report on Tuesday, April 16th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,043.00.

ASML Trading Down 0.5 %

ASML stock traded down $5.28 during mid-day trading on Friday, reaching $1,022.73. 837,765 shares of the company traded hands, compared to its average volume of 1,027,876. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. ASML Holding has a 52-week low of $563.99 and a 52-week high of $1,077.22. The firm has a market capitalization of $403.56 billion, a price-to-earnings ratio of 52.23, a P/E/G ratio of 2.17 and a beta of 1.49. The firm’s 50 day moving average price is $964.40 and its 200 day moving average price is $906.53.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. On average, analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

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.