ASML Holding N.V. $ASML Shares Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC trimmed its ASML stake by 4.8%, selling 686 shares in Q4 and leaving it with 13,545 shares valued at about $14.49 million per its recent 13F filing.
• ASML sharply raised its quarterly dividend to $3.1771 (from $1.88), implying a $12.71 annualized payout and a ~0.8% yield; the ex-dividend date is April 27 and the payment date is May 5.
• Analyst sentiment is broadly positive with an average rating of "Moderate Buy" and an average target price of $1,482.50; shares opened around $1,500.20 and the company has a market cap near $590 billion.

Galvin Gaustad & Stein LLC trimmed its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,545 shares of the semiconductor company's stock after selling 686 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in ASML were worth $14,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in ASML during the 3rd quarter worth approximately $25,000. City Holding Co. acquired a new stake in ASML during the 3rd quarter worth approximately $26,000. Binnacle Investments Inc lifted its position in ASML by 78.9% during the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 15 shares during the period. JPL Wealth Management LLC acquired a new stake in ASML during the 3rd quarter worth approximately $34,000. Finally, Wealth Watch Advisors INC acquired a new stake in ASML during the 3rd quarter worth approximately $34,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on ASML. Grupo Santander cut ASML to an "underperform" rating in a research report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of ASML in a research report on Tuesday, December 16th. TD Cowen reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, January 28th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ASML in a research report on Wednesday, January 28th. Finally, UBS Group reissued a "buy" rating on shares of ASML in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,482.50.

ASML Trading Up 1.5%

Shares of ASML stock opened at $1,500.20 on Tuesday. The business's fifty day moving average price is $1,390.71 and its 200 day moving average price is $1,208.62. ASML Holding N.V. has a 1-year low of $614.06 and a 1-year high of $1,547.22. The firm has a market capitalization of $590.00 billion, a PE ratio of 58.10, a P/E/G ratio of 1.60 and a beta of 1.88. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Monday, April 27th will be issued a dividend of $3.1771 per share. This is a boost from ASML's previous quarterly dividend of $1.88. This represents a $12.71 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, April 27th. ASML's dividend payout ratio is currently 25.10%.

About ASML

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.

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