ASML Holding N.V. $ASML Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. cut its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 44.7% in the second quarter, Holdings Channel.com reports. The fund owned 301 shares of the semiconductor company’s stock after selling 243 shares during the period. TFC Financial Management Inc.’s holdings in ASML were worth $241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. boosted its stake in shares of ASML by 26.5% in the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after purchasing an additional 199,740 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ASML by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 905,708 shares of the semiconductor company’s stock valued at $600,175,000 after purchasing an additional 7,164 shares during the period. Invesco Ltd. boosted its stake in shares of ASML by 101.0% in the first quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after purchasing an additional 367,505 shares during the period. Fayez Sarofim & Co boosted its stake in shares of ASML by 2.7% in the first quarter. Fayez Sarofim & Co now owns 710,668 shares of the semiconductor company’s stock valued at $470,910,000 after purchasing an additional 18,516 shares during the period. Finally, First Manhattan CO. LLC. boosted its stake in shares of ASML by 61.0% in the first quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after purchasing an additional 268,172 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ASML shares. Arete Research raised shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ASML in a research note on Wednesday. Berenberg Bank reiterated a “buy” rating on shares of ASML in a research note on Thursday. Hsbc Global Res upgraded shares of ASML to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $935.00 price target on shares of ASML in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Stock Up 1.0%

Shares of NASDAQ:ASML opened at $1,019.59 on Friday. The company has a market capitalization of $400.98 billion, a PE ratio of 41.50, a P/E/G ratio of 1.71 and a beta of 1.87. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,059.00. The firm has a 50 day simple moving average of $858.14 and a 200-day simple moving average of $770.80.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping the consensus estimate of $6.27 by $0.14. The business had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. ASML had a net margin of 27.08% and a return on equity of 49.41%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.28 EPS. On average, equities analysts predict that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th will be given a dividend of $1.857 per share. The ex-dividend date is Wednesday, October 29th. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. This is a boost from ASML’s previous quarterly dividend of $1.86. ASML’s payout ratio is presently 25.56%.

About ASML

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.