Galvin Gaustad & Stein LLC Reduces Holdings in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in ASML Holding N.V. by 10.9%, selling 2,347 shares and holding 19,268 shares valued at $12.77 million at the end of the first quarter.
• ASML recently announced a quarterly dividend increase to $1.856 per share, with a yield of 1.04%, up from the previous dividend of $1.64.
• The company reported an earnings miss with $4.55 EPS, lower than the consensus estimate of $5.94 EPS, despite achieving revenue of $8.94 billion, above expectations.

Galvin Gaustad & Stein LLC lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,268 shares of the semiconductor company's stock after selling 2,347 shares during the period. Galvin Gaustad & Stein LLC's holdings in ASML were worth $12,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ASML. GAMMA Investing LLC raised its holdings in ASML by 70,115.5% in the 1st quarter. GAMMA Investing LLC now owns 1,400,800 shares of the semiconductor company's stock worth $9,282,120,000 after purchasing an additional 1,398,805 shares in the last quarter. Edgewood Management LLC raised its holdings in ASML by 43.1% in the 4th quarter. Edgewood Management LLC now owns 3,186,667 shares of the semiconductor company's stock worth $2,208,615,000 after purchasing an additional 959,696 shares in the last quarter. Wellington Management Group LLP raised its holdings in ASML by 53.4% in the 4th quarter. Wellington Management Group LLP now owns 807,257 shares of the semiconductor company's stock worth $559,494,000 after purchasing an additional 281,156 shares in the last quarter. First Manhattan CO. LLC. increased its stake in shares of ASML by 59.4% in the 4th quarter. First Manhattan CO. LLC. now owns 439,890 shares of the semiconductor company's stock worth $307,374,000 after acquiring an additional 163,945 shares in the last quarter. Finally, Hyperion Asset Management Ltd increased its stake in shares of ASML by 63.9% in the 4th quarter. Hyperion Asset Management Ltd now owns 297,882 shares of the semiconductor company's stock worth $206,456,000 after acquiring an additional 116,121 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Susquehanna decreased their price target on shares of ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. New Street Research upgraded shares of ASML from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. Wells Fargo & Company increased their price objective on shares of ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein initiated coverage on shares of ASML in a research report on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Stock Performance

Shares of NASDAQ:ASML traded down $23.53 during trading on Thursday, hitting $697.92. The company's stock had a trading volume of 1,648,795 shares, compared to its average volume of 1,763,786. The company has a 50-day moving average of $764.09 and a 200-day moving average of $726.99. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $945.05. 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 firm has a market cap of $274.58 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.46 and a beta of 1.73.

ASML (NASDAQ:ASML - Get Free Report) last issued 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 return on equity of 49.47% and a net margin of 26.95%. The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the company earned $4.01 EPS. ASML's revenue for the quarter was up 23.2% on a year-over-year basis. On average, sell-side analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 dividend on an annualized basis and a yield of 1.06%. ASML's dividend payout ratio (DPR) is presently 26.34%.

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.