Journey Strategic Wealth LLC Cuts Stake in ASML Holding (NASDAQ:ASML)

Journey Strategic Wealth LLC reduced its holdings in shares of ASML Holding (NASDAQ:ASML) by 26.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 632 shares of the semiconductor company’s stock after selling 229 shares during the period. Journey Strategic Wealth LLC’s holdings in ASML were worth $438,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Osborne Partners Capital Management LLC bought a new position in shares of ASML during the 4th quarter valued at $4,880,000. DAVENPORT & Co LLC boosted its position in ASML by 2.1% during the fourth quarter. DAVENPORT & Co LLC now owns 2,316 shares of the semiconductor company’s stock valued at $1,605,000 after buying an additional 48 shares during the period. Tritonpoint Wealth LLC bought a new position in shares of ASML during the fourth quarter valued at about $218,000. Capital Insight Partners LLC increased its holdings in shares of ASML by 9.4% in the fourth quarter. Capital Insight Partners LLC now owns 4,691 shares of the semiconductor company’s stock worth $3,251,000 after buying an additional 404 shares during the period. Finally, Abundance Wealth Counselors lifted its stake in shares of ASML by 12.3% in the 4th quarter. Abundance Wealth Counselors now owns 668 shares of the semiconductor company’s stock valued at $463,000 after acquiring an additional 73 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ASML. Wells Fargo & Company lifted their price target on ASML from $790.00 to $860.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna cut their price target on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a report on Friday, October 11th. BNP Paribas initiated coverage on shares of ASML in a research note on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective for the company. Finally, DZ Bank upgraded shares of ASML from a “hold” rating to a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $937.00.

ASML Stock Performance

Shares of ASML opened at $739.31 on Monday. ASML Holding has a one year low of $645.45 and a one year high of $1,110.09. The company has a 50-day simple moving average of $719.37 and a two-hundred day simple moving average of $773.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The firm has a market capitalization of $290.86 billion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 50.53%. On average, analysts anticipate that ASML Holding will post 25.07 EPS for the current fiscal year.

ASML Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Monday, April 28th will be paid a $1.6414 dividend. The ex-dividend date of this dividend is Monday, April 28th. This represents a $6.57 annualized dividend and a dividend yield of 0.89%. ASML’s payout ratio is 26.83%.

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.