Private Advisor Group LLC Sells 19,970 Shares of ASML Holding N.V. (NASDAQ:ASML)

Private Advisor Group LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 69.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,618 shares of the semiconductor company’s stock after selling 19,970 shares during the period. Private Advisor Group LLC’s holdings in ASML were worth $5,710,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Norinchukin Bank The increased its holdings in ASML by 1.8% during the 4th quarter. Norinchukin Bank The now owns 857 shares of the semiconductor company’s stock valued at $594,000 after purchasing an additional 15 shares during the period. Coppell Advisory Solutions LLC increased its stake in shares of ASML by 18.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 96 shares of the semiconductor company’s stock worth $67,000 after purchasing an additional 15 shares in the last quarter. Sage Mountain Advisors LLC raised its position in ASML by 2.6% in the first quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock valued at $399,000 after purchasing an additional 15 shares during the period. Nilsine Partners LLC raised its stake in ASML by 2.6% during the 1st quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 16 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in ASML by 3.2% during the first quarter. First Horizon Advisors Inc. now owns 516 shares of the semiconductor company’s stock worth $342,000 after buying an additional 16 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASML has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of ASML in a research report on Monday, May 19th. Jefferies Financial Group cut ASML from a “buy” rating to a “hold” rating in a research report on Thursday, June 26th. Barclays reissued an “equal weight” rating on shares of ASML in a research note on Tuesday, June 3rd. Susquehanna lowered their target price on ASML from $1,100.00 to $965.00 and set a “positive” rating on the stock in a research note on Thursday, April 17th. Finally, Sanford C. Bernstein initiated coverage on ASML in a research report on Tuesday, June 17th. They issued a “market perform” rating and a $806.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $923.80.

ASML Price Performance

ASML stock opened at $719.68 on Tuesday. The business has a 50 day moving average price of $769.62 and a 200 day moving average price of $728.20. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The stock has a market cap of $283.14 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 1.49 and a beta of 1.73. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21.

ASML (NASDAQ:ASML) last posted its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. ASML’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.01 EPS. Equities research analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This is a boost from ASML’s previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.03%. ASML’s payout ratio is 29.67%.

ASML Company 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.