ASML Holding N.V. $ASML Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky reduced its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 14.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,982 shares of the semiconductor company’s stock after selling 647 shares during the period. ASML makes up about 0.9% of Independence Bank of Kentucky’s holdings, making the stock its 22nd largest holding. Independence Bank of Kentucky’s holdings in ASML were worth $7,922,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ASML. Baron Wealth Management LLC grew its position in shares of ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company’s stock worth $662,000 after acquiring an additional 6 shares during the last quarter. Whitener Capital Management Inc. grew its position in ASML by 2.8% in the 2nd quarter. Whitener Capital Management Inc. now owns 218 shares of the semiconductor company’s stock worth $434,000 after purchasing an additional 6 shares during the last quarter. Founders Financial Alliance LLC increased its stake in shares of ASML by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 266 shares of the semiconductor company’s stock valued at $529,000 after purchasing an additional 6 shares during the period. 44 Wealth Management LLC raised its holdings in shares of ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares during the last quarter. Finally, Evolution Wealth Management Inc. boosted its position in shares of ASML by 22.6% during the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after buying an additional 7 shares during the period. 26.07% of the stock is currently owned by institutional investors.

ASML Trading Down 1.8%

Shares of ASML stock opened at $1,665.14 on Wednesday. The stock has a 50-day simple moving average of $1,758.02 and a 200 day simple moving average of $1,596.40. The stock has a market capitalization of $654.87 billion, a P/E ratio of 51.81, a P/E/G ratio of 0.84 and a beta of 1.79. ASML Holding N.V. has a fifty-two week low of $716.20 and a fifty-two week high of $1,999.96. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. The company had revenue of $10.62 billion during the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. On average, sell-side analysts expect that ASML Holding N.V. will post 44.99 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 annualized dividend and a yield of 0.5%. ASML’s payout ratio is 22.62%.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada raised their target price on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group restated a “buy” rating on shares of ASML in a research note on Thursday, June 11th. Argus set a $2,100.00 target price on shares of ASML in a research report on Thursday, July 16th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of ASML from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

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.