Private Trust Co. NA Sells 370 Shares of ASML Holding N.V. $ASML

Key Points

• Private Trust Co. NA reduced its stake in ASML Holding N.V. by 44.7%, selling 370 shares and now holding 458 shares valued at $367,000.
• ASML reported quarterly earnings of $6.41 per share, exceeding estimates, despite revenue falling slightly short at $8.71 billion.
• The company declared an increased quarterly dividend of $1.857 per share, reflecting an annualized payout of $7.43 and a dividend yield of 0.7%.

Private Trust Co. NA lessened its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 44.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 458 shares of the semiconductor company's stock after selling 370 shares during the quarter. Private Trust Co. NA's holdings in ASML were worth $367,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of ASML by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 2,114 shares of the semiconductor company's stock worth $1,401,000 after acquiring an additional 119 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in ASML by 2.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,418 shares of the semiconductor company's stock valued at $22,806,000 after purchasing an additional 763 shares in the last quarter. Stonegate Investment Group LLC lifted its stake in ASML by 12.6% during the first quarter. Stonegate Investment Group LLC now owns 1,368 shares of the semiconductor company's stock worth $907,000 after purchasing an additional 153 shares during the last quarter. World Equity Group Inc. acquired a new stake in shares of ASML in the 1st quarter valued at $386,000. Finally, Nilsine Partners LLC increased its stake in shares of ASML by 2.6% in the 1st quarter. Nilsine Partners LLC now owns 631 shares of the semiconductor company's stock valued at $418,000 after purchasing an additional 16 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

ASML Stock Up 0.9%

Shares of NASDAQ ASML opened at $1,029.27 on Monday. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,059.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a market cap of $404.79 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.87. The company has a 50 day simple moving average of $864.28 and a 200 day simple moving average of $775.08.

ASML (NASDAQ:ASML - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 47.74%. The company's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $5.28 earnings per share. On average, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th will be given a $1.857 dividend. This is a boost from ASML's previous quarterly dividend of $1.86. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. ASML's dividend payout ratio is presently 25.56%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ASML shares. Bank Degroof downgraded ASML to a "hold" rating in a research report on Friday, October 10th. Erste Group Bank upgraded shares of ASML from a "hold" rating to a "buy" rating in a research note on Monday, September 22nd. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of ASML in a report on Friday. Arete Research upgraded shares of ASML to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Hsbc Global Res upgraded shares of ASML to a "strong-buy" rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ASML currently has a consensus rating of "Moderate Buy" and an average price target of $1,051.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.