RBA Wealth Management LLC Reduces Position in ASML Holding (NASDAQ:ASML)

RBA Wealth Management LLC decreased its holdings in ASML Holding (NASDAQ:ASML) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,931 shares of the semiconductor company’s stock after selling 117 shares during the period. ASML comprises approximately 2.7% of RBA Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. RBA Wealth Management LLC’s holdings in ASML were worth $6,726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASML. WD Rutherford LLC acquired a new stake in ASML during the first quarter worth approximately $29,000. Beaird Harris Wealth Management LLC acquired a new stake in ASML during the fourth quarter worth approximately $34,000. Creative Financial Designs Inc. ADV grew its position in ASML by 48.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after buying an additional 15 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in ASML during the fourth quarter worth approximately $44,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of ASML in the 4th quarter valued at $49,000. Institutional investors own 26.07% of the company’s stock.

ASML Stock Up 2.2 %

Shares of ASML traded up $23.52 during trading hours on Thursday, hitting $1,071.41. The stock had a trading volume of 779,820 shares, compared to its average volume of 1,018,812. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $974.14 and a 200-day simple moving average of $914.20. The firm has a market capitalization of $422.77 billion, a P/E ratio of 54.72, a price-to-earnings-growth ratio of 2.22 and a beta of 1.49. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,077.22.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.54. The business 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%. Sell-side analysts predict that ASML Holding will post 20.12 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a dividend of $1.343 per share. The ex-dividend date was Friday, April 26th. This represents a $5.37 dividend on an annualized basis and a yield of 0.50%. ASML’s payout ratio is 32.53%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ASML. Sanford C. Bernstein reduced their target price on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Wells Fargo & Company raised their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Evercore ISI began coverage on ASML in a research report on Tuesday, April 16th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,043.00.

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.