Balboa Wealth Partners Sells 2,194 Shares of ASML Holding N.V. $ASML

Key Points

• Balboa Wealth Partners has reduced its holdings in ASML Holding N.V. by 36.1%, selling 2,194 shares and retaining 3,881 shares, which represent about 0.6% of their portfolio.
• ASML has a current debate among analysts, with ratings varying from "Strong Buy" to "Hold," and an average price target of $1,051.60.
• The company recently announced a quarterly dividend of $1.857 per share, marking a slight increase from the previous dividend, which is indicative of its solid return on equity of 47.74%.

Balboa Wealth Partners trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 36.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,881 shares of the semiconductor company's stock after selling 2,194 shares during the quarter. ASML makes up about 0.6% of Balboa Wealth Partners' portfolio, making the stock its 29th biggest position. Balboa Wealth Partners' holdings in ASML were worth $3,110,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of ASML during the first quarter valued at $27,000. Maseco LLP purchased a new stake in ASML in the 2nd quarter valued at about $32,000. Knuff & Co LLC bought a new position in ASML in the 1st quarter worth about $33,000. Costello Asset Management INC increased its position in shares of ASML by 147.1% during the second quarter. Costello Asset Management INC now owns 42 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of ASML during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore ISI reiterated an "outperform" rating on shares of ASML in a report on Thursday. Morningstar lowered shares of ASML to a "hold" rating in a research note on Thursday, September 18th. New Street Research reissued a "neutral" rating on shares of ASML in a research report on Monday, October 6th. Hsbc Global Res raised shares of ASML to a "strong-buy" rating in a research report on Monday, October 6th. Finally, Citigroup reissued a "buy" rating on shares of ASML in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and an average price target of $1,051.60.

ASML Price Performance

NASDAQ ASML opened at $1,029.27 on Monday. The firm's fifty day simple moving average is $864.28 and its two-hundred day simple moving average is $775.08. The firm has a market capitalization of $404.79 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.70 and a beta of 1.87. 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 Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,059.00.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts' consensus estimates of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.71 billion during the quarter, compared to analysts' expectations of $8.99 billion. During the same quarter last year, the firm earned $5.28 EPS. The business's quarterly revenue was up .7% on a year-over-year basis. Analysts forecast 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 Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be paid a dividend of $1.857 per share. The ex-dividend date is Wednesday, October 29th. This is a positive change from ASML's previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML's payout ratio is presently 25.56%.

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.