Royal Fund Management LLC Sells 1,566 Shares of ASML Holding N.V. $ASML

Key Points

• Royal Fund Management LLC cut its position in ASML by 34.3%, selling 1,566 shares in Q4 and ending the quarter with 3,004 shares valued at $3.214 million.
• ASML raised its quarterly dividend to $3.1771 (annualized $12.71), with an ex-dividend date of April 27 and a payment date of May 5, implying a yield of about 1.0%.
• Analysts hold an average rating of "Moderate Buy" on ASML with an average target price of $1,482.50 (company market cap roughly $493 billion and P/E ~48.6).

Royal Fund Management LLC cut its position in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,004 shares of the semiconductor company's stock after selling 1,566 shares during the quarter. Royal Fund Management LLC's holdings in ASML were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in ASML during the third quarter worth about $25,000. City Holding Co. bought a new position in ASML in the 3rd quarter worth about $26,000. Binnacle Investments Inc raised its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 15 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of ASML during the 3rd quarter valued at about $34,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of ASML during the 3rd quarter valued at about $34,000. 26.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Grupo Santander cut shares of ASML to an "underperform" rating in a research report on Thursday, January 22nd. Santander lowered shares of ASML from a "neutral" rating to an "underperform" rating in a research report on Thursday, January 22nd. Weiss Ratings raised shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. UBS Group restated a "buy" rating on shares of ASML in a research report on Tuesday, March 3rd. Finally, Berenberg Bank reaffirmed a "buy" rating on shares of ASML in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,482.50.

ASML Stock Performance

NASDAQ:ASML opened at $1,253.96 on Tuesday. The company has a market capitalization of $493.16 billion, a price-to-earnings ratio of 48.57, a PEG ratio of 1.26 and a beta of 1.88. The business has a 50 day moving average of $1,396.85 and a 200 day moving average of $1,175.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.26 and a quick ratio of 0.79. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,547.22.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Monday, April 27th will be issued a $3.1771 dividend. This represents a $12.71 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, April 27th. This is a positive change from ASML's previous quarterly dividend of $1.88. ASML's dividend payout ratio (DPR) is presently 25.10%.

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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