FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $473,000 Position in ASML Holding (NASDAQ:ASML)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its holdings in shares of ASML Holding (NASDAQ:ASML) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 487 shares of the semiconductor company’s stock after selling 20 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in ASML were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Townsquare Capital LLC lifted its holdings in shares of ASML by 11.5% during the 3rd quarter. Townsquare Capital LLC now owns 8,516 shares of the semiconductor company’s stock valued at $5,013,000 after buying an additional 881 shares during the last quarter. Savoie Capital LLC bought a new stake in ASML in the third quarter worth approximately $14,658,000. International Assets Investment Management LLC lifted its stake in shares of ASML by 48,040.7% in the 4th quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after purchasing an additional 245,488 shares during the last quarter. Griffin Asset Management Inc. increased its position in ASML by 9.3% during the fourth quarter. Griffin Asset Management Inc. now owns 19,608 shares of the semiconductor company’s stock worth $14,842,000 after buying an additional 1,661 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in ASML by 219.0% during the fourth quarter. Meitav Investment House Ltd. now owns 3,158 shares of the semiconductor company’s stock worth $2,195,000 after buying an additional 2,168 shares during the last quarter. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ASML shares. Sanford C. Bernstein cut their price objective on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Evercore ISI initiated coverage on shares of ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company upped their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Stock Performance

Shares of ASML traded up $4.29 during trading hours on Tuesday, reaching $1,037.78. 298,166 shares of the company traded hands, compared to its average volume of 1,127,482. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54. The stock’s fifty day moving average is $964.40 and its 200 day moving average is $909.05. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,077.22. The stock has a market cap of $409.50 billion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.49.

ASML (NASDAQ:ASML) last announced its quarterly earnings data on Wednesday, April 17th. The semiconductor company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.54. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. ASML had a return on equity of 56.99% and a net margin of 27.23%. Equities research analysts anticipate that ASML Holding will post 20.12 earnings per share for the current fiscal year.

ASML Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th were issued a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, April 26th. ASML’s payout ratio is 32.48%.

ASML Company 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.