St. Louis Trust Co Cuts Holdings in ASML Holding N.V. $ASML

St. Louis Trust Co reduced its holdings in ASML Holding N.V. (NASDAQ:ASMLFree Report) by 25.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,274 shares of the semiconductor company’s stock after selling 446 shares during the quarter. St. Louis Trust Co’s holdings in ASML were worth $1,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Cornerstone Financial Management LLC purchased a new position in ASML in the fourth quarter worth $26,000. Portus Wealth Advisors LLC acquired a new stake in ASML in the first quarter valued at $32,000. Resources Management Corp CT ADV boosted its position in shares of ASML by 1,150.0% during the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in shares of ASML during the 4th quarter worth $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting ASML

Here are the key news stories impacting ASML this week:

Analyst Upgrades and Downgrades

ASML has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of ASML from $2,200.00 to $2,500.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Freedom Capital upgraded shares of ASML from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 16th. DZ Bank raised shares of ASML from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Sanford C. Bernstein lifted their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, ASML currently has an average rating of “Moderate Buy” and an average target price of $1,970.33.

Get Our Latest Stock Report on ASML

ASML Trading Down 2.5%

Shares of ASML stock opened at $1,757.09 on Friday. ASML Holding N.V. has a 1 year low of $683.48 and a 1 year high of $1,999.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.33 and a quick ratio of 0.80. The business has a 50 day moving average price of $1,754.95 and a 200 day moving average price of $1,524.62. The company has a market capitalization of $691.04 billion, a P/E ratio of 54.67, a P/E/G ratio of 0.92 and a beta of 1.78.

ASML (NASDAQ:ASMLGet Free Report) last announced its earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%. Sell-side analysts anticipate that ASML Holding N.V. will post 43.6 EPS for the current fiscal year.

ASML Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th will be paid a dividend of $2.1507 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a dividend yield of 0.5%. ASML’s dividend payout ratio (DPR) is presently 22.74%.

About ASML

(Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Featured Stories

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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