Professional Advisory Services Inc. Reduces Stock Holdings in ASML Holding N.V. $ASML

Key Points

• Professional Advisory Services reduced its ASML stake by 22.4% in the second quarter, selling 1,253 shares and retaining 4,350 shares valued at approximately $8.65 million.
• ASML reported quarterly revenue of $10.64 billion and earnings of $8.65 per share, with a 30.11% net margin and 52.71% return on equity. Institutional investors collectively own 26.07% of the company.
• Analyst sentiment remains positive, with an average “Moderate Buy” rating and a $1,970.33 target price; several firms recently raised their targets to between $2,400 and $2,500.

Professional Advisory Services Inc. lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 22.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,350 shares of the semiconductor company's stock after selling 1,253 shares during the quarter. Professional Advisory Services Inc.'s holdings in ASML were worth $8,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Baron Wealth Management LLC lifted its stake in 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 during the last quarter. Family Capital Management Inc. increased its stake in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company's stock valued at $983,000 after purchasing an additional 7 shares during the last quarter. 44 Wealth Management LLC raised its holdings in ASML by 1.1% during the fourth quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company's stock worth $703,000 after purchasing an additional 7 shares in the last quarter. Evolution Wealth Management Inc. lifted its position in shares of ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company's stock worth $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 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company's stock valued at $2,948,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company's stock.

ASML Stock Performance

Shares of ASML stock opened at $1,740.99 on Friday. The stock has a market capitalization of $684.70 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 0.85 and a beta of 1.79. ASML Holding N.V. has a 52-week low of $710.45 and a 52-week high of $1,999.96. The stock's 50-day moving average price is $1,770.13 and its 200 day moving average price is $1,551.72. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASML - Get Free Report) last announced its 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 company had revenue of $10.64 billion for the quarter. As a group, equities research analysts forecast that ASML Holding N.V. will post 44.68 EPS for the current year.

ASML Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a dividend of $2.1507 per share. The ex-dividend date was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML's dividend payout ratio is presently 22.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ASML shares. Barclays reiterated an "overweight" rating on shares of ASML in a research note on Thursday, July 16th. Wall Street Zen upgraded ASML from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. JPMorgan Chase & Co. boosted their target price on ASML from $2,200.00 to $2,400.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Morgan Stanley reissued an "overweight" rating on shares of ASML in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company lifted their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, ASML has an average rating of "Moderate Buy" and an average target price of $1,970.33.

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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