Malaga Cove Capital LLC Sells 782 Shares of ASML Holding N.V. $ASML

Malaga Cove Capital LLC trimmed its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 32.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,648 shares of the semiconductor company’s stock after selling 782 shares during the quarter. Malaga Cove Capital LLC’s holdings in ASML were worth $1,321,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ASML. UMB Bank n.a. increased its holdings in shares of ASML by 4.3% during the second quarter. UMB Bank n.a. now owns 317 shares of the semiconductor company’s stock worth $254,000 after buying an additional 13 shares in the last quarter. Rossmore Private Capital increased its stake in ASML by 0.3% in the first quarter. Rossmore Private Capital now owns 4,347 shares of the semiconductor company’s stock valued at $2,880,000 after purchasing an additional 14 shares in the last quarter. Baring Financial LLC raised its holdings in shares of ASML by 2.8% during the second quarter. Baring Financial LLC now owns 510 shares of the semiconductor company’s stock valued at $409,000 after purchasing an additional 14 shares during the period. Sage Mountain Advisors LLC boosted its position in shares of ASML by 2.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 602 shares of the semiconductor company’s stock worth $399,000 after purchasing an additional 15 shares in the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of ASML by 15.2% in the 1st quarter. Manchester Capital Management LLC now owns 114 shares of the semiconductor company’s stock valued at $76,000 after buying an additional 15 shares during the period. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASML. Citigroup reissued a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Sanford C. Bernstein reissued a “market perform” rating on shares of ASML in a report on Wednesday, October 29th. Berenberg Bank reissued a “buy” rating on shares of ASML in a research note on Thursday, October 16th. Evercore ISI reaffirmed an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Finally, HSBC reissued a “buy” rating on shares of ASML in a research report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,051.60.

ASML Stock Down 1.4%

ASML stock opened at $1,029.20 on Friday. The stock has a market cap of $404.77 billion, a P/E ratio of 41.89, a P/E/G ratio of 1.76 and a beta of 1.88. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $947.04 and its two-hundred day simple moving average is $813.16. ASML Holding N.V. has a 1-year low of $578.51 and a 1-year high of $1,086.11.

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

ASML Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were paid a dividend of $1.857 per share. This represents a $7.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, October 29th. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

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.