Canvas Wealth Advisors LLC Lowers Holdings in ASML Holding N.V. $ASML

Canvas Wealth Advisors LLC reduced its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 28.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,270 shares of the semiconductor company’s stock after selling 884 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in ASML were worth $2,343,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ASML. HBK Sorce Advisory LLC lifted its stake in shares of ASML by 1.0% in the 3rd quarter. HBK Sorce Advisory LLC now owns 1,057 shares of the semiconductor company’s stock valued at $1,067,000 after purchasing an additional 10 shares during the period. Albion Financial Group UT increased its holdings in ASML by 27.8% in the third quarter. Albion Financial Group UT now owns 46 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 10 shares in the last quarter. Global Assets Advisory LLC raised its position in shares of ASML by 2.3% in the third quarter. Global Assets Advisory LLC now owns 452 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 10 shares during the period. State of Wyoming raised its position in shares of ASML by 4.2% in the third quarter. State of Wyoming now owns 247 shares of the semiconductor company’s stock worth $239,000 after acquiring an additional 10 shares during the period. Finally, Western Pacific Wealth Management LP boosted its stake in shares of ASML by 4.9% during the 3rd quarter. Western Pacific Wealth Management LP now owns 235 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 11 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,413.01 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,493.47. The firm has a market capitalization of $555.71 billion, a PE ratio of 54.73, a P/E/G ratio of 1.63 and a beta of 1.89. The business’s 50 day moving average price is $1,214.91 and its 200-day moving average price is $1,007.69.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be paid a dividend of $3.1771 per share. This is a boost from ASML’s previous quarterly dividend of $1.88. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 annualized dividend and a yield of 0.9%. ASML’s dividend payout ratio is presently 24.55%.

Analyst Ratings Changes

ASML has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of ASML in a research note on Friday, January 16th. Susquehanna restated a “positive” rating on shares of ASML in a research report on Monday, January 12th. Weiss Ratings downgraded ASML from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Cantor Fitzgerald reiterated an “overweight” rating on shares of ASML in a research report on Tuesday, December 16th. Finally, Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,475.00.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.