Cary Street Partners Financial LLC Sells 691 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Cary Street Partners Financial LLC has reduced its holdings in ASML Holding N.V. by 28.1%, selling 691 shares during the first quarter, bringing their total to 1,766 shares worth $1,170,000.
• ASML recently reported a quarterly earnings per share (EPS) of $4.55, which missed estimates by $1.39, despite revenue of $8.94 billion exceeding expectations.
• The company has increased its quarterly dividend to $1.856, up from $1.64, representing a yield of 1.0% with a payout ratio of 26.21%.

Cary Street Partners Financial LLC reduced its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 28.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,766 shares of the semiconductor company's stock after selling 691 shares during the quarter. Cary Street Partners Financial LLC's holdings in ASML were worth $1,170,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in ASML by 70,115.5% during the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock valued at $9,282,120,000 after purchasing an additional 1,398,805 shares during the period. First Manhattan CO. LLC. boosted its stake in shares of ASML by 59.4% during the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock valued at $307,374,000 after purchasing an additional 163,945 shares in the last quarter. Hyperion Asset Management Ltd increased its position in shares of ASML by 63.9% during the fourth quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock valued at $206,456,000 after buying an additional 116,121 shares during the period. Brown Advisory Inc. increased its position in shares of ASML by 29.0% during the first quarter. Brown Advisory Inc. now owns 440,728 shares of the semiconductor company's stock valued at $292,040,000 after buying an additional 99,199 shares during the period. Finally, Nan Shan Life Insurance Co. Ltd. raised its stake in ASML by 3,694.5% in the fourth quarter. Nan Shan Life Insurance Co. Ltd. now owns 72,892 shares of the semiconductor company's stock worth $50,520,000 after buying an additional 70,971 shares in the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Price Performance

Shares of NASDAQ:ASML opened at $713.12 on Friday. The business has a fifty day moving average price of $758.52 and a 200-day moving average price of $725.09. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.43 and a quick ratio of 0.81. The company has a market capitalization of $280.56 billion, a PE ratio of 29.76, a PEG ratio of 1.40 and a beta of 1.76. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate of $5.94 by ($1.39). The firm had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. The business's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period last year, the company posted $4.01 earnings per share. As a group, equities analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal 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 $1.856 dividend. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.0%. ASML's payout ratio is currently 26.21%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ASML. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. DZ Bank lowered ASML from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 16th. 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 price target on the stock. Citigroup reissued a "buy" rating on shares of ASML in a research report on Monday, May 19th. Finally, Barclays restated an "equal weight" rating on shares of ASML in a report on Tuesday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $923.80.

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.

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