ASML Holding (NASDAQ:ASML) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. reduced its position in ASML Holding (NASDAQ:ASML) by 38.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63 shares of the semiconductor company’s stock after selling 39 shares during the period. Washington Trust Advisors Inc.’s holdings in ASML were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after purchasing an additional 245,488 shares during the period. Griffin Asset Management Inc. lifted its stake in shares of ASML by 9.3% in the 4th quarter. Griffin Asset Management Inc. now owns 19,608 shares of the semiconductor company’s stock valued at $14,842,000 after purchasing an additional 1,661 shares during the period. Meitav Investment House Ltd. lifted its stake in shares of ASML by 219.0% in the 4th quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock valued at $2,195,000 after purchasing an additional 2,168 shares during the period. Salem Investment Counselors Inc. lifted 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 valued at $3,355,000 after purchasing an additional 1,007 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its stake in shares of ASML by 22.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,050 shares of the semiconductor company’s stock valued at $1,552,000 after purchasing an additional 371 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of ASML stock traded up $4.56 during trading hours on Tuesday, reaching $1,068.19. 1,194,481 shares of the company’s stock were exchanged, compared to its average volume of 1,122,688. The business has a fifty day moving average of $1,003.10 and a two-hundred day moving average of $933.54. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $421.50 billion, a P/E ratio of 54.52, a price-to-earnings-growth ratio of 2.29 and a beta of 1.49. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,110.09.

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

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were given a dividend of $1.343 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $5.37 annualized dividend and a dividend yield of 0.50%. ASML’s payout ratio is 32.53%.

Wall Street Analysts Forecast Growth

ASML has been the subject of several recent analyst reports. Sanford C. Bernstein cut their price target on shares of 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 shares of ASML in a report on Tuesday, April 16th. They issued an “outperform” rating for the company. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Susquehanna boosted their price target on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,083.00.

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.