Bartlett & CO. Wealth Management LLC cut its holdings in shares of ASML Holding N.V. (NASDAQ:ASML – Free Report) by 7.1% in the 2nd quarter, Holdings Channel reports. The firm owned 65,050 shares of the semiconductor company’s stock after selling 4,959 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in ASML were worth $52,130,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC increased its holdings 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 worth $25,000 after buying an additional 29 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of ASML during the first quarter worth $27,000. Maseco LLP acquired a new position in shares of ASML during the second quarter worth $32,000. Knuff & Co LLC acquired a new position in shares of ASML during the first quarter worth $33,000. Finally, Wayfinding Financial LLC acquired a new position in shares of ASML during the first quarter worth $35,000. 26.07% of the stock is currently owned by institutional investors.
ASML Stock Performance
NASDAQ ASML opened at $968.09 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.43 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $787.89 and a 200 day simple moving average of $747.14. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $977.48. The company has a market capitalization of $380.87 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 1.63 and a beta of 1.80.
ASML Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Tuesday, July 29th were issued a dividend of $1.856 per share. This represents a $7.42 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, July 29th. This is an increase from ASML’s previous quarterly dividend of $1.64. ASML’s dividend payout ratio (DPR) is 26.21%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. DZ Bank reiterated a “neutral” rating on shares of ASML in a report on Thursday, September 25th. Jefferies Financial Group downgraded shares of ASML from a “buy” rating to a “hold” rating in a report on Thursday, June 26th. Barclays reiterated an “overweight” rating on shares of ASML in a report on Tuesday. Wells Fargo & Company upped their price target on shares of ASML from $840.00 to $890.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Finally, Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, ASML currently has an average rating of “Moderate Buy” and a consensus target price of $923.80.
Read Our Latest Report on ASML
ASML 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.
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