Linscomb Wealth Inc. Sells 125 Shares of ASML Holding (NASDAQ:ASML)

Linscomb Wealth Inc. decreased its holdings in shares of ASML Holding (NASDAQ:ASML) by 27.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 331 shares of the semiconductor company’s stock after selling 125 shares during the period. Linscomb Wealth Inc.’s holdings in ASML were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Capital Advisory LLC bought a new stake in shares of ASML during the 1st quarter valued at $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the 1st quarter valued at $29,000. Beaird Harris Wealth Management LLC bought a new stake in shares of ASML in the 4th quarter valued at $34,000. ZRC Wealth Management LLC bought a new stake in shares of ASML in the 1st quarter valued at $39,000. Finally, Rocky Mountain Advisers LLC increased its position in shares of ASML by 110.0% in the 1st quarter. Rocky Mountain Advisers LLC now owns 42 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 22 shares in the last quarter. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASML. Sanford C. Bernstein reduced their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Wells Fargo & Company upped their target price on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Evercore ISI began coverage on shares of ASML in a research note on Tuesday, April 16th. They issued an “outperform” rating for the company. Susquehanna upped their target price on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML Stock Performance

NASDAQ:ASML traded up $25.76 during mid-day trading on Friday, hitting $888.39. The stock had a trading volume of 1,681,620 shares, compared to its average volume of 1,398,346. ASML Holding has a twelve month low of $563.99 and a twelve month high of $1,110.09. The stock has a market cap of $350.55 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.83 and a beta of 1.49. The company’s 50 day simple moving average is $1,003.90 and its 200 day simple moving average is $944.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 1.52.

ASML (NASDAQ:ASML) last issued its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (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 business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. During the same period last year, the business posted $5.37 EPS. ASML’s revenue was down 9.5% on a year-over-year basis. On average, equities research analysts forecast 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. Shareholders of record on Monday, July 29th will be issued a $1.8732 dividend. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, July 29th. 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.