ASML Holding (NASDAQ:ASML) Shares Sold by Abbrea Capital LLC

Abbrea Capital LLC lowered its position in shares of ASML Holding (NASDAQ:ASML) by 6.7% in the second quarter, HoldingsChannel.com reports. The firm owned 850 shares of the semiconductor company’s stock after selling 61 shares during the quarter. Abbrea Capital LLC’s holdings in ASML were worth $869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hilltop National Bank raised its position in shares of ASML by 1.0% during the 2nd quarter. Hilltop National Bank now owns 975 shares of the semiconductor company’s stock worth $997,000 after acquiring an additional 10 shares in the last quarter. First PREMIER Bank raised its holdings in ASML by 4.2% during the first quarter. First PREMIER Bank now owns 273 shares of the semiconductor company’s stock worth $265,000 after purchasing an additional 11 shares in the last quarter. Investment Partners LTD. lifted its position in shares of ASML by 1.2% during the 1st quarter. Investment Partners LTD. now owns 898 shares of the semiconductor company’s stock worth $871,000 after buying an additional 11 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of ASML by 1.1% in the 2nd quarter. Valley National Advisers Inc. now owns 1,134 shares of the semiconductor company’s stock valued at $1,159,000 after buying an additional 12 shares in the last quarter. Finally, Pure Financial Advisors LLC grew its position in shares of ASML by 2.8% in the 2nd quarter. Pure Financial Advisors LLC now owns 444 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 12 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Price Performance

Shares of NASDAQ ASML opened at $800.17 on Friday. The stock has a fifty day moving average price of $903.35 and a 200 day moving average price of $946.34. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.52 and a quick ratio of 0.84. The company has a market cap of $315.74 billion, a PE ratio of 40.87, a P/E/G ratio of 1.59 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping 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 last year, the business earned $5.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts forecast that ASML Holding will post 20.37 EPS for the current year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from ASML’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio is 28.50%.

Analysts Set New Price Targets

ASML has been the subject of several research analyst reports. UBS Group downgraded shares of ASML from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 4th. Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company lifted their target price 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. Three 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,147.80.

ASML 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.