Steward Partners Investment Advisory LLC Cuts Holdings in ASML Holding (NASDAQ:ASML)

Steward Partners Investment Advisory LLC reduced its position in ASML Holding (NASDAQ:ASMLFree Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,016 shares of the semiconductor company’s stock after selling 251 shares during the period. Steward Partners Investment Advisory LLC’s holdings in ASML were worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IPG Investment Advisors LLC purchased a new position in shares of ASML in the 4th quarter worth $785,000. MKP Capital Management L.L.C. bought a new stake in shares of ASML in the 4th quarter valued at approximately $40,358,000. Mitchell Sinkler & Starr PA lifted its position in ASML by 29.7% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 1,302 shares of the semiconductor company’s stock worth $986,000 after buying an additional 298 shares during the last quarter. Parallel Advisors LLC increased its position in ASML by 4.0% during the fourth quarter. Parallel Advisors LLC now owns 2,052 shares of the semiconductor company’s stock valued at $1,553,000 after acquiring an additional 79 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of ASML in the fourth quarter valued at $319,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

ASML Price Performance

ASML opened at $957.88 on Thursday. The business’s 50-day moving average is $937.41 and its two-hundred day moving average is $856.07. ASML Holding has a 1 year low of $563.99 and a 1 year high of $1,056.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The firm has a market capitalization of $377.97 billion, a PE ratio of 48.92, a price-to-earnings-growth ratio of 2.46 and a beta of 1.49.

ASML (NASDAQ:ASMLGet Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.54. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Research analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a $1.343 dividend. This represents a $5.37 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, April 26th. ASML’s dividend payout ratio is presently 32.53%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ASML shares. Redburn Atlantic raised ASML from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th. Evercore ISI started coverage on shares of ASML in a research report on Tuesday, April 16th. They set an “outperform” rating on the stock. Sanford C. Bernstein reduced their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a report on Friday, April 12th. Wells Fargo & Company increased their price objective on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, HSBC began coverage on shares of ASML in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,036.00.

Check Out Our Latest 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.

Further Reading

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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