Premier Path Wealth Partners LLC Decreases Stock Position in ASML Holding N.V. $ASML

Premier Path Wealth Partners LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,691 shares of the semiconductor company’s stock after selling 124 shares during the period. Premier Path Wealth Partners LLC’s holdings in ASML were worth $1,355,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. purchased a new stake in ASML during the 1st quarter valued at $360,262,000. Invesco Ltd. raised its stake in ASML by 101.0% during the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after buying an additional 367,505 shares during the last quarter. Amundi raised its stake in ASML by 91.6% during the 1st quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock valued at $403,215,000 after buying an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. raised its stake in ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after buying an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in ASML by 26.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after buying an additional 199,740 shares during the last quarter. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Trading Up 1.7%

Shares of NASDAQ:ASML opened at $1,070.84 on Thursday. The stock has a 50 day moving average of $911.78 and a 200 day moving average of $797.64. The company has a market cap of $421.14 billion, a PE ratio of 43.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.87. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,077.76. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14.

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

ASML Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASML. Morningstar lowered shares of ASML to a “hold” rating in a research note on Thursday, September 18th. Jefferies Financial Group reiterated a “neutral” rating on shares of ASML in a research note on Monday, October 13th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Finally, Bank Degroof lowered shares of ASML to a “hold” rating in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,051.60.

About ASML

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.