Thoroughbred Financial Services LLC Trims Position in ASML Holding N.V. $ASML

Thoroughbred Financial Services LLC reduced its position in ASML Holding N.V. (NASDAQ:ASML) by 26.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,364 shares of the semiconductor company’s stock after selling 1,194 shares during the period. Thoroughbred Financial Services LLC’s holdings in ASML were worth $2,696,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of ASML by 10.6% in the second quarter. Cetera Investment Advisers now owns 42,468 shares of the semiconductor company’s stock valued at $34,033,000 after purchasing an additional 4,087 shares during the period. Advisory Resource Group boosted its stake in ASML by 1.4% in the 2nd quarter. Advisory Resource Group now owns 1,540 shares of the semiconductor company’s stock worth $1,234,000 after buying an additional 21 shares during the last quarter. Meridian Wealth Management LLC grew its holdings in ASML by 9.9% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,089 shares of the semiconductor company’s stock valued at $872,000 after buying an additional 98 shares during the period. Foundations Investment Advisors LLC lifted its holdings in shares of ASML by 9.1% during the 2nd quarter. Foundations Investment Advisors LLC now owns 29,926 shares of the semiconductor company’s stock worth $23,983,000 after acquiring an additional 2,484 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of ASML by 14.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 583,093 shares of the semiconductor company’s stock worth $467,285,000 after acquiring an additional 72,164 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Performance

ASML stock opened at $1,006.98 on Friday. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $1,086.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The company has a market capitalization of $396.03 billion, a price-to-earnings ratio of 40.98, a price-to-earnings-growth ratio of 1.76 and a beta of 1.88. The firm’s fifty day moving average price is $980.23 and its 200 day moving average price is $828.41.

ASML (NASDAQ:ASML) last announced its 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. ASML had a return on equity of 47.74% and a net margin of 27.08%.The company had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period last year, the firm earned $5.28 earnings per share. The company’s revenue was up .7% on a year-over-year basis. On average, research analysts forecast that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were given a $1.857 dividend. 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. This is a positive change from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is currently 25.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ASML shares. UBS Group reaffirmed a “buy” rating on shares of ASML in a research report on Wednesday, October 15th. Redburn Partners set a $1,200.00 target price on ASML in a research report on Friday, November 7th. The Goldman Sachs Group reissued a “buy” rating on shares of ASML in a research report on Friday, October 10th. Mizuho upgraded ASML from a “neutral” rating to an “outperform” rating in a research note on Monday, September 29th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of ASML in a report on Wednesday, October 29th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $1,076.33.

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.