Callan Family Office LLC Sells 1,115 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Callan Family Office LLC reduced its stake in ASML Holding N.V. by 18.9%, selling 1,115 shares and holding 4,778 shares valued at approximately $3,166,000 following the transaction.
• ASML's quarterly earnings report showed $4.55 earnings per share, missing estimates, but revenue of $8.94 billion exceeded expectations, reflecting a year-over-year growth of 23.2%.
• The company recently increased its quarterly dividend to $1.856, resulting in an annualized dividend yield of 1.0%, up from its previous dividend of $1.64.

Callan Family Office LLC cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,778 shares of the semiconductor company's stock after selling 1,115 shares during the quarter. Callan Family Office LLC's holdings in ASML were worth $3,166,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ASML. Putney Financial Group LLC increased its holdings in ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the period. Banque Cantonale Vaudoise purchased a new position in ASML during the first quarter valued at approximately $27,000. Wayfinding Financial LLC purchased a new position in ASML during the first quarter valued at approximately $35,000. Pinnacle Bancorp Inc. purchased a new position in ASML during the first quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC purchased a new position in ASML during the first quarter valued at approximately $42,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASML. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Barclays reaffirmed an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Sanford C. Bernstein began coverage on shares of ASML in a report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target on the stock. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a report on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML presently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

Shares of NASDAQ:ASML traded up $13.78 on Wednesday, reaching $755.57. 2,009,653 shares of the company's stock were exchanged, compared to its average volume of 2,531,404. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The business's 50-day moving average is $757.96 and its two-hundred day moving average is $724.63. The firm has a market capitalization of $297.26 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.50 and a beta of 1.76.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($1.39). ASML had a net margin of 26.95% and a return on equity of 49.47%. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the company earned $4.01 EPS. The company's quarterly revenue was up 23.2% compared to the same quarter last year. As a group, equities research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

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

ASML 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.