Drive Wealth Management LLC Lowers Stake in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Drive Wealth Management LLC sold 357 shares of ASML Holding N.V., reducing its position by 50.9%, leaving it with 344 shares worth $228,000.
• ASML reported earnings of $4.55 per share in its latest quarter, missing analysts' expectations, but the company's revenue increased by 23.2% year-over-year.
• The company announced a quarterly dividend increase to $1.856 per share, reflecting a positive shift from the previous dividend, with a yield of 1.04%.

Drive Wealth Management LLC trimmed its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 50.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 344 shares of the semiconductor company's stock after selling 357 shares during the quarter. Drive Wealth Management LLC's holdings in ASML were worth $228,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC increased its stake in ASML by 12.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 402 shares of the semiconductor company's stock worth $266,000 after acquiring an additional 44 shares during the last quarter. Rhumbline Advisers increased its stake in ASML by 12.7% during the first quarter. Rhumbline Advisers now owns 8,407 shares of the semiconductor company's stock worth $5,571,000 after acquiring an additional 947 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in ASML by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 3,478 shares of the semiconductor company's stock worth $2,304,000 after acquiring an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock worth $22,806,000 after acquiring an additional 763 shares during the last quarter. Finally, Novo Holdings A S increased its stake in ASML by 24.4% during the fourth quarter. Novo Holdings A S now owns 165,836 shares of the semiconductor company's stock worth $114,938,000 after acquiring an additional 32,500 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

ASML Trading Down 1.9%

Shares of NASDAQ ASML traded down $13.83 during trading hours on Friday, reaching $711.25. The stock had a trading volume of 2,309,141 shares, compared to its average volume of 2,229,190. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The firm has a market cap of $279.82 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 1.44 and a beta of 1.73. The business's fifty day moving average price is $765.39 and its two-hundred day moving average price is $727.27. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The firm had revenue of $8.94 billion during 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 firm's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.01 EPS. Analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be issued a dividend of $1.856 per share. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.04%. This is a positive change from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio is currently 29.67%.

Analyst Upgrades and Downgrades

ASML has been the topic of several analyst reports. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a research note on Thursday. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Jefferies Financial Group cut ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Erste Group Bank reaffirmed a "hold" rating on shares of ASML in a research note on Wednesday. Finally, DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Seven investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.