Balboa Wealth Partners Reduces Position in ASML Holding N.V. $ASML

Balboa Wealth Partners trimmed its position in ASML Holding N.V. (NASDAQ:ASML) by 36.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,881 shares of the semiconductor company’s stock after selling 2,194 shares during the period. ASML accounts for 0.6% of Balboa Wealth Partners’ investment portfolio, making the stock its 29th biggest holding. Balboa Wealth Partners’ holdings in ASML were worth $3,110,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Calamos Wealth Management LLC grew its stake in ASML by 6.5% during the 2nd quarter. Calamos Wealth Management LLC now owns 4,776 shares of the semiconductor company’s stock valued at $3,827,000 after purchasing an additional 291 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of ASML by 4,478.0% during the second quarter. Cidel Asset Management Inc. now owns 17,076 shares of the semiconductor company’s stock worth $13,685,000 after purchasing an additional 16,703 shares during the period. Chicago Partners Investment Group LLC boosted its position in ASML by 13.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,661 shares of the semiconductor company’s stock valued at $1,331,000 after buying an additional 198 shares during the last quarter. BKM Wealth Management LLC increased its holdings in ASML by 13.2% in the 2nd quarter. BKM Wealth Management LLC now owns 1,360 shares of the semiconductor company’s stock worth $1,090,000 after buying an additional 159 shares during the period. Finally, Wealthstream Advisors Inc. raised its position in ASML by 7.9% during the 2nd quarter. Wealthstream Advisors Inc. now owns 477 shares of the semiconductor company’s stock worth $382,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Up 0.9%

ASML stock opened at $1,029.27 on Monday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,059.00. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $404.79 billion, a P/E ratio of 41.89, a PEG ratio of 1.70 and a beta of 1.87. The company’s 50-day simple moving average is $864.28 and its 200-day simple moving average is $775.08.

ASML (NASDAQ:ASML) last announced its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.27 by $0.14. The firm had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The business’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $5.28 EPS. As a group, equities analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Wednesday, October 29th will be given a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. ASML’s payout ratio is currently 25.56%.

Analysts Set New Price Targets

Several research firms have recently commented on ASML. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of ASML in a report on Friday. Citigroup reaffirmed a “buy” rating on shares of ASML in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday. Evercore ISI restated an “outperform” rating on shares of ASML in a research note on Thursday. Finally, Morningstar lowered ASML to a “hold” rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus price target of $1,051.60.

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.