Cresset Asset Management LLC Sells 601 Shares of ASML Holding N.V. $ASML

Key Points

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Cresset Asset Management LLC reduced its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,174 shares of the semiconductor company's stock after selling 601 shares during the period. Cresset Asset Management LLC's holdings in ASML were worth $4,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ASML. Putney Financial Group LLC raised its stake in ASML by 322.2% in the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in ASML in the first quarter worth about $27,000. Wayfinding Financial LLC bought a new position in ASML in the first quarter worth about $35,000. Pinnacle Bancorp Inc. bought a new position in ASML in the first quarter worth about $42,000. Finally, Olde Wealth Management LLC bought a new position in ASML in the first quarter worth about $42,000. 26.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on ASML shares. Barclays reiterated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. Erste Group Bank reissued a "hold" rating on shares of ASML in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein assumed coverage on ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.

ASML Stock Performance

ASML stock traded down $13.5920 on Thursday, hitting $735.8980. The company had a trading volume of 661,254 shares, compared to its average volume of 1,731,484. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $943.99. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $755.91 and its 200 day simple moving average is $725.84. The stock has a market cap of $289.52 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.51 and a beta of 1.76.

ASML (NASDAQ:ASML - Get Free Report) last issued its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%.The company had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.72 billion. During the same quarter in the prior year, the business posted $4.01 EPS. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. ASML has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th were paid a dividend of $1.856 per share. The ex-dividend date was Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.0%. This is a boost from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is 26.21%.

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.