Nvwm LLC Cuts Stock Holdings in ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Nvwm LLC reduced its stock holdings in ASML Holding N.V. by 15.8%, selling 435 shares in the first quarter, leaving them with a total of 2,320 shares valued at $1,537,000.
• ASML reported earnings per share (EPS) of $4.55 for the last quarter, missing analysts' expectations, while revenue increased 23.2% year-over-year to $8.94 billion.
• The company declared a new quarterly dividend of $1.856 per share, reflecting an increase from the previous $1.64 and bringing the annualized dividend yield to 1.04%.

Nvwm LLC reduced its position in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,320 shares of the semiconductor company's stock after selling 435 shares during the period. Nvwm LLC's holdings in ASML were worth $1,537,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Putney Financial Group LLC boosted its holdings in shares of ASML by 322.2% during the first quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares during the period. Wayfinding Financial LLC bought a new position in ASML in the first quarter worth about $35,000. Pinnacle Bancorp Inc. bought a new position in ASML in the first quarter worth about $42,000. Olde Wealth Management LLC bought a new position in ASML in the first quarter worth about $42,000. Finally, Alpine Bank Wealth Management bought a new position in ASML in the first quarter worth about $43,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research reports. DZ Bank downgraded shares of ASML from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 16th. 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. Barclays reissued an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Sanford C. Bernstein initiated coverage on shares of ASML in a research note on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 price target for the company. Finally, New Street Research raised shares of ASML from a "neutral" rating to a "buy" rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $923.80.

ASML Price Performance

Shares of NASDAQ ASML opened at $711.25 on Friday. ASML Holding N.V. has a fifty-two week low of $578.51 and a fifty-two week high of $945.05. The company has a 50 day simple moving average of $765.39 and a two-hundred day simple moving average of $727.39. The company has a market capitalization of $279.82 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 1.47 and a beta of 1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.81 and a current ratio of 1.43.

ASML (NASDAQ:ASML - Get Free Report) last announced its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.72 billion. ASML had a net margin of 26.95% and a return on equity of 49.47%. ASML's revenue for the quarter was up 23.2% on a year-over-year basis. During the same period in the prior year, the business 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be given a dividend of $1.856 per share. The ex-dividend date is Tuesday, July 29th. This represents a $7.42 annualized dividend and a dividend yield of 1.04%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's dividend payout ratio (DPR) is 26.34%.

ASML 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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