ASML Holding N.V. $ASML Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC trimmed its holdings in ASML Holding N.V. (NASDAQ:ASML) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,854 shares of the semiconductor company’s stock after selling 56 shares during the period. Elevation Point Wealth Partners LLC’s holdings in ASML were worth $3,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASML. T. Rowe Price Investment Management Inc. acquired a new position in shares of ASML in the 1st quarter valued at $360,262,000. Invesco Ltd. raised its holdings in ASML by 101.0% in the 1st quarter. Invesco Ltd. now owns 731,271 shares of the semiconductor company’s stock valued at $484,562,000 after buying an additional 367,505 shares during the period. Amundi lifted its position in ASML by 91.6% in the first quarter. Amundi now owns 642,498 shares of the semiconductor company’s stock valued at $403,215,000 after buying an additional 307,214 shares during the last quarter. First Manhattan CO. LLC. lifted its position in 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 buying an additional 268,172 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in ASML by 26.5% during the first quarter. Goldman Sachs Group Inc. now owns 952,385 shares of the semiconductor company’s stock worth $631,079,000 after buying an additional 199,740 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ASML. Arete Research raised shares of ASML to a “strong-buy” rating in a research note on Friday, September 12th. Mizuho upgraded shares of ASML from a “neutral” rating to an “outperform” rating in a report on Monday, September 29th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ASML in a research report on Tuesday, November 18th. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research note on Friday, October 10th. Four analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,076.33.

ASML Stock Performance

Shares of ASML stock opened at $1,040.97 on Thursday. The firm has a 50 day moving average of $1,008.48 and a two-hundred day moving average of $847.30. The stock has a market capitalization of $409.40 billion, a PE ratio of 42.37, a P/E/G ratio of 1.76 and a beta of 1.88. The company has a quick ratio of 0.70, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. ASML Holding N.V. has a 52 week low of $578.51 and a 52 week high of $1,086.11.

ASML (NASDAQ:ASML) last announced its quarterly earnings data 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 business had revenue of $8.80 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 for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $5.28 earnings per share. On average, research 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 was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s dividend payout ratio is presently 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.