ASML Holding N.V. (NASDAQ:ASML) Holdings Cut by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. reduced its holdings in ASML Holding N.V. by 12.0% in the first quarter, owning 6,058 shares worth approximately $4.02 million after selling 827 shares.
• ASML reported quarterly earnings of $4.55 per share, missing estimates by $1.39, despite achieving revenues of $8.94 billion, which surpassed expectations.
• The company declared a quarterly dividend of $1.856 per share, increasing the previous dividend of $1.64, demonstrating a strong commitment to returning value to shareholders.

Phoenix Financial Ltd. lowered its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 12.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,058 shares of the semiconductor company's stock after selling 827 shares during the period. Phoenix Financial Ltd.'s holdings in ASML were worth $4,020,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. NEOS Investment Management LLC raised its holdings in shares of ASML by 13.0% during the fourth quarter. NEOS Investment Management LLC now owns 5,162 shares of the semiconductor company's stock valued at $3,578,000 after buying an additional 592 shares during the last quarter. Easterly Investment Partners LLC bought a new stake in shares of ASML during the fourth quarter valued at approximately $696,000. X Square Capital LLC bought a new stake in shares of ASML during the fourth quarter valued at approximately $832,000. Frazier Financial Advisors LLC raised its holdings in shares of ASML by 151.1% during the fourth quarter. Frazier Financial Advisors LLC now owns 226 shares of the semiconductor company's stock valued at $157,000 after buying an additional 136 shares during the last quarter. Finally, Ramirez Asset Management Inc. raised its holdings in shares of ASML by 0.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 7,369 shares of the semiconductor company's stock valued at $5,107,000 after buying an additional 56 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 1.9%

ASML stock opened at $711.25 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43. The firm has a market cap of $279.82 billion, a price-to-earnings ratio of 29.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.73. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $945.05. The firm's 50 day moving average price is $765.39 and its two-hundred day moving average price is $727.39.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly 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). The business had revenue of $8.94 billion during 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%. The company's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 EPS. On average, research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be given a $1.856 dividend. This is a positive change from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.04%. ASML's payout ratio is 26.34%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASML. Wells Fargo & Company lifted their price target on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. New Street Research upgraded shares of ASML from a "neutral" rating to a "buy" rating in a research note on Thursday. Citigroup reiterated a "buy" rating on shares of ASML in a research note on Monday, May 19th. Erste Group Bank reiterated a "hold" rating on shares of ASML in a research note on Wednesday. Finally, Susquehanna lowered their price objective on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $923.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.