Marietta Investment Partners LLC Sells 509 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Marietta Investment Partners LLC reduced its holdings in ASML Holding N.V. by 10.3%, selling 509 shares and maintaining a total of 4,440 shares valued at approximately $2.94 million.
• ASML recently declared an increased quarterly dividend of $1.856 per share, up from $1.64, indicating a commitment to returning value to its shareholders.
• The company reported a missed EPS estimate of $4.55 for its latest quarter, falling short of the expected $5.94, although revenue was higher than anticipated at $8.94 billion.

Marietta Investment Partners LLC decreased its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,440 shares of the semiconductor company's stock after selling 509 shares during the period. Marietta Investment Partners LLC's holdings in ASML were worth $2,942,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Putney Financial Group LLC raised its position in ASML by 322.2% in the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after buying an additional 29 shares during the last quarter. Wayfinding Financial LLC purchased a new position in ASML in the 1st quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new position in ASML in the 1st quarter worth about $42,000. Olde Wealth Management LLC purchased a new position in ASML in the 1st quarter worth about $42,000. Finally, Alpine Bank Wealth Management purchased a new position in ASML in the 1st quarter worth about $43,000. Institutional investors own 26.07% of the company's stock.

ASML Trading Down 1.9%

Shares of NASDAQ:ASML opened at $711.25 on Friday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $945.05. The stock has a market cap of $279.82 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 1.47 and a beta of 1.73. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $765.39 and a 200-day moving average price of $727.39.

ASML (NASDAQ:ASML - Get Free Report) last posted its earnings results 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 company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The firm's revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned $4.01 earnings per share. Equities analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Stockholders of record on Tuesday, July 29th will be paid a $1.856 dividend. The ex-dividend date of this dividend is Tuesday, July 29th. This is a positive change from ASML's previous quarterly dividend of $1.64. This represents a $7.42 dividend on an annualized basis and a dividend yield of 1.04%. ASML's payout ratio is currently 26.34%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ASML. Sanford C. Bernstein began coverage on ASML in a research note on Tuesday, June 17th. They set a "market perform" rating and a $806.00 price target for the company. Wells Fargo & Company boosted their price target on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. DZ Bank downgraded ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Finally, Erste Group Bank reissued a "hold" rating on shares of ASML in a report on Wednesday. Seven 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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