Professional Advisory Services Inc. Decreases Stake in ASML Holding N.V. $ASML

Professional Advisory Services Inc. lessened its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 22.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,350 shares of the semiconductor company’s stock after selling 1,253 shares during the period. Professional Advisory Services Inc.’s holdings in ASML were worth $8,654,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Boston Common Asset Management LLC purchased a new stake in ASML during the first quarter worth about $4,355,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of ASML by 3.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock valued at $24,036,000 after acquiring an additional 760 shares during the period. Bingham Private Wealth LLC acquired a new stake in shares of ASML during the 4th quarter valued at approximately $1,444,000. Keudell Morrison Wealth Management purchased a new stake in shares of ASML during the 4th quarter worth approximately $1,402,000. Finally, Keybank National Association OH boosted its stake in shares of ASML by 21.3% during the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after acquiring an additional 11,459 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.1%

Shares of ASML stock opened at $1,740.99 on Friday. The company has a market capitalization of $684.70 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 0.85 and a beta of 1.79. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $1,770.13 and a 200 day moving average price of $1,551.72. ASML Holding N.V. has a twelve month low of $710.45 and a twelve month high of $1,999.96.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. The company had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Research analysts forecast that ASML Holding N.V. will post 44.68 earnings per share for the current fiscal year.

ASML Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were paid a $2.1507 dividend. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is presently 22.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morningstar downgraded ASML to a “sell” rating in a research note on Wednesday, May 27th. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a report on Monday, June 1st. Bank of America raised their price target on ASML from $2,268.00 to $2,345.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ASML in a research note on Friday, July 10th. Finally, Sanford C. Bernstein increased their price objective on shares of ASML from $1,971.00 to $2,623.00 and gave the company an “outperform” rating in a research note on Monday, July 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,970.33.

ASML Company Profile

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.