Y.D. More Investments Ltd Sells 580 Shares of ASML Holding N.V. (NASDAQ:ASML)

Key Points

• Y.D. More Investments Ltd has reduced its stake in ASML Holding N.V. by 18.1% during the first quarter, now owning 2,626 shares valued at approximately $1.74 million.
• ASML recently reported earnings of $4.55 per share, missing analyst estimates, but revenue rose by 23.2% year-over-year, totaling $8.94 billion.
• The company increased its quarterly dividend to $1.856 per share, marking an annual yield of 1.1%, up from the previous dividend of $1.64.

Y.D. More Investments Ltd cut its holdings in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 18.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,626 shares of the semiconductor company's stock after selling 580 shares during the quarter. Y.D. More Investments Ltd's holdings in ASML were worth $1,740,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC boosted its position 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 valued at $25,000 after buying an additional 29 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of ASML during the 1st quarter valued at about $27,000. Wayfinding Financial LLC bought a new stake in shares of ASML in the first quarter worth approximately $35,000. Pinnacle Bancorp Inc. purchased a new position in shares of ASML during the first quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC bought a new position in ASML during the first quarter valued at approximately $42,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group downgraded shares of ASML from a "buy" rating to a "hold" rating in a research report on Thursday, June 26th. Barclays restated an "equal weight" rating on shares of ASML in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of ASML in a research report on Monday, May 19th. New Street Research raised ASML from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. Finally, Sanford C. Bernstein assumed coverage on ASML in a research report on Tuesday, June 17th. They issued a "market perform" rating and a $806.00 target price on the stock. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $923.80.

ASML Stock Performance

ASML stock traded up $2.72 during trading on Friday, reaching $715.84. The company had a trading volume of 122,822 shares, compared to its average volume of 1,748,380. The firm has a market capitalization of $281.63 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.40 and a beta of 1.76. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. The firm's 50-day simple moving average is $758.52 and its 200 day simple moving average is $725.09. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $945.05.

ASML (NASDAQ:ASML - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The semiconductor company reported $4.55 EPS for the quarter, missing the consensus estimate 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 period last year, the business earned $4.01 EPS. Sell-side analysts forecast that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th were issued a $1.856 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $7.42 annualized dividend and a yield of 1.0%. This is an increase from ASML's previous quarterly dividend of $1.64. ASML's payout ratio is currently 26.21%.

ASML Company 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.