Obermeyer Wealth Partners lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,775 shares of the semiconductor company's stock after selling 1,977 shares during the quarter. ASML comprises about 1.6% of Obermeyer Wealth Partners' holdings, making the stock its 22nd largest position. Obermeyer Wealth Partners' holdings in ASML were worth $29,670,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Putney Financial Group LLC lifted its position in shares of ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock valued at $25,000 after buying an additional 29 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of ASML during the first quarter valued at about $35,000. Pinnacle Bancorp Inc. acquired a new position in ASML in the 1st quarter valued at $42,000. Olde Wealth Management LLC purchased a new stake in shares of ASML in the 1st quarter valued at $42,000. Finally, Alpine Bank Wealth Management purchased a new position in ASML during the 1st quarter worth approximately $43,000. 26.07% of the stock is owned by hedge funds and other institutional investors.
ASML Trading Down 2.0%
Shares of NASDAQ ASML opened at $719.68 on Tuesday. The stock has a market cap of $283.14 billion, a price-to-earnings ratio of 30.04, a P/E/G ratio of 1.49 and a beta of 1.73. The company's fifty day moving average is $769.62 and its 200-day moving average is $728.20. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $945.05.
ASML (NASDAQ:ASML - Get Free Report) last issued 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 company had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.72 billion. ASML had a return on equity of 49.47% and a net margin of 26.95%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.01 earnings per share. Equities research analysts predict that ASML Holding N.V. will post 25.17 EPS for the current year.
ASML Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be paid a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a yield of 1.03%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's dividend payout ratio is presently 29.67%.
Analysts Set New Price Targets
ASML has been the subject of several research analyst reports. Jefferies Financial Group downgraded ASML from a "buy" rating to a "hold" rating in a report on Thursday, June 26th. Citigroup reaffirmed a "buy" rating on shares of ASML in a report on Monday, May 19th. Susquehanna decreased their price target on ASML from $1,100.00 to $965.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Barclays restated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Finally, Wells Fargo & Company increased their target price on shares of ASML from $840.00 to $890.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $923.80.
Check Out Our Latest Research Report on ASML
ASML Company Profile
(
Free Report)
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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