ASML Holding (NASDAQ:ASML) Stake Cut by NewEdge Wealth LLC

NewEdge Wealth LLC reduced its holdings in ASML Holding (NASDAQ:ASML) by 25.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,971 shares of the semiconductor company’s stock after selling 3,400 shares during the period. NewEdge Wealth LLC’s holdings in ASML were worth $6,910,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in ASML by 1.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,186,222 shares of the semiconductor company’s stock worth $2,654,921,000 after purchasing an additional 31,879 shares during the last quarter. Edgewood Management LLC increased its position in ASML by 3.3% in the 3rd quarter. Edgewood Management LLC now owns 2,226,971 shares of the semiconductor company’s stock worth $1,855,624,000 after purchasing an additional 70,776 shares during the last quarter. Van ECK Associates Corp increased its position in ASML by 1.8% in the 4th quarter. Van ECK Associates Corp now owns 1,788,280 shares of the semiconductor company’s stock worth $1,239,421,000 after purchasing an additional 31,231 shares during the last quarter. Windacre Partnership LLC increased its position in ASML by 4.0% in the 3rd quarter. Windacre Partnership LLC now owns 664,100 shares of the semiconductor company’s stock worth $553,361,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Citigroup Inc. increased its position in ASML by 14.2% in the 3rd quarter. Citigroup Inc. now owns 402,758 shares of the semiconductor company’s stock worth $335,598,000 after purchasing an additional 50,115 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

ASML opened at $697.70 on Friday. The firm has a market capitalization of $274.49 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. The stock’s 50 day moving average price is $733.09 and its two-hundred day moving average price is $755.88. The company has a quick ratio of 0.99, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. On average, equities analysts forecast that ASML Holding will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, February 19th. Shareholders of record on Tuesday, February 11th were given a $1.5855 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from ASML’s previous dividend of $1.08. ASML’s dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

ASML has been the topic of several research reports. DZ Bank raised ASML from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Sanford C. Bernstein lowered their price objective on ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a report on Friday, November 29th. JPMorgan Chase & Co. lowered their price objective on ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. BNP Paribas assumed coverage on ASML in a report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

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.