Canvas Wealth Advisors LLC Sells 48 Shares of ASML Holding N.V. $ASML

Canvas Wealth Advisors LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 1.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,154 shares of the semiconductor company’s stock after selling 48 shares during the period. Canvas Wealth Advisors LLC’s holdings in ASML were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in ASML by 26.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock valued at $631,079,000 after acquiring an additional 199,740 shares during the period. Dimensional Fund Advisors LP increased 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 worth $600,175,000 after purchasing an additional 7,164 shares in the last quarter. Invesco Ltd. increased 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 worth $484,562,000 after purchasing an additional 367,505 shares in the last quarter. Fayez Sarofim & Co raised its position 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. lifted its stake in shares of ASML by 61.0% during the 1st quarter. First Manhattan CO. LLC. now owns 708,062 shares of the semiconductor company’s stock valued at $469,183,000 after buying an additional 268,172 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Price Performance

NASDAQ:ASML opened at $1,029.27 on Monday. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,059.00. The stock has a fifty day moving average of $864.28 and a 200 day moving average of $775.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. The firm has a market capitalization of $404.79 billion, a price-to-earnings ratio of 41.89, a P/E/G ratio of 1.70 and a beta of 1.87.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating the consensus estimate of $6.27 by $0.14. The firm had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.99 billion. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.28 EPS. On average, research analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ASML. Susquehanna lifted their price objective on shares of ASML from $965.00 to $1,150.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Bank Degroof cut ASML to a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company boosted their price objective on ASML from $1,105.00 to $1,140.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ASML in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,051.60.

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.