Gradient Investments LLC Sells 1,122 Shares of ASML Holding N.V. $ASML

Key Points

• Gradient Investments reduced its ASML position by 7.7% in the second quarter, selling 1,122 shares and retaining 13,499 shares valued at approximately $26.9 million.
• Analyst sentiment remains broadly positive, with ASML receiving a consensus “Moderate Buy” rating and an average price target of $1,970.33, despite one analyst downgrade to “sell.”
• ASML reported quarterly revenue of $10.64 billion and earnings per share of $8.65. Its shares opened at $1,740.99, while the company paid a quarterly dividend of $2.1507 per share, implying a 0.5% yield.

Gradient Investments LLC lowered its holdings in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,499 shares of the semiconductor company's stock after selling 1,122 shares during the quarter. Gradient Investments LLC's holdings in ASML were worth $26,855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Baron Wealth Management LLC increased its position in shares of ASML by 1.8% during the second quarter. Baron Wealth Management LLC now owns 333 shares of the semiconductor company's stock worth $662,000 after purchasing an additional 6 shares in the last quarter. Family Capital Management Inc. increased its position in ASML by 0.8% during the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company's stock worth $983,000 after buying an additional 7 shares during the period. 44 Wealth Management LLC lifted its stake in ASML by 1.1% in the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock valued at $703,000 after buying an additional 7 shares during the last quarter. Evolution Wealth Management Inc. lifted its stake in ASML by 22.6% in the first quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock valued at $50,000 after buying an additional 7 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of ASML by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock valued at $2,948,000 after acquiring an additional 7 shares during the period. 26.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ASML shares. Morningstar cut shares of ASML to a "sell" rating in a report on Wednesday, May 27th. Argus set a $2,100.00 price target on shares of ASML in a research note on Thursday, July 16th. Wells Fargo & Company raised their price objective on shares of ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Barclays restated an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ASML in a report on Friday, July 10th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,970.33.

ASML Trading Up 2.1%

NASDAQ:ASML opened at $1,740.99 on Friday. ASML Holding N.V. has a 12-month low of $710.45 and a 12-month high of $1,999.96. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The stock's 50 day simple moving average is $1,770.13 and its 200-day simple moving average is $1,551.72. The firm has a market cap of $684.70 billion, a P/E ratio of 54.17, a PEG ratio of 0.85 and a beta of 1.79.

ASML (NASDAQ:ASML - Get Free Report) last issued its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion during the quarter. Equities analysts anticipate that ASML Holding N.V. will post 44.68 EPS for the current year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Tuesday, July 28th were paid a $2.1507 dividend. This represents a $8.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, July 28th. ASML's dividend payout ratio (DPR) is 22.62%.

About ASML

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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