Gradient Investments LLC Cuts Position in ASML Holding N.V. $ASML

Gradient Investments LLC lowered its stake in shares of ASML Holding N.V. (NASDAQ:ASML) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 13,499 shares of the semiconductor company’s stock after selling 1,122 shares during the period. Gradient Investments LLC’s holdings in ASML were worth $26,855,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rockland Trust Co. purchased a new stake in shares of ASML during the 2nd quarter worth approximately $203,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in ASML by 7.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 463 shares of the semiconductor company’s stock worth $921,000 after purchasing an additional 33 shares during the last quarter. Quantum Financial Advisors LLC purchased a new stake in ASML during the second quarter worth $251,000. Trust Point Inc. boosted its position in ASML by 2.7% during the second quarter. Trust Point Inc. now owns 1,433 shares of the semiconductor company’s stock worth $2,851,000 after purchasing an additional 38 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new stake in ASML in the second quarter valued at $266,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Trading Up 2.1%

Shares of ASML stock opened at $1,740.99 on Friday. ASML Holding N.V. has a fifty-two week low of $710.45 and a fifty-two week high of $1,999.96. The business’s fifty day moving average is $1,770.13 and its two-hundred day moving average is $1,551.72. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. The firm has a market cap of $684.70 billion, a PE ratio of 54.17, a P/E/G ratio of 0.85 and a beta of 1.79.

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

ASML Cuts Dividend

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

Wall Street Analysts Forecast Growth

ASML has been the subject of several research reports. Zacks Research downgraded ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a report on Friday, July 10th. Morningstar downgraded shares of ASML to a “sell” rating in a report on Wednesday, May 27th. Royal Bank Of Canada increased their price target on shares of ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ASML from $2,200.00 to $2,400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,970.33.

ASML 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.