Equitable Trust Co. Sells 1,723 Shares of ASML Holding (NASDAQ:ASML)

Equitable Trust Co. reduced its position in shares of ASML Holding (NASDAQ:ASML) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,436 shares of the semiconductor company’s stock after selling 1,723 shares during the period. Equitable Trust Co.’s holdings in ASML were worth $5,560,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in shares of ASML by 42.8% during the 4th quarter. Russell Investments Group Ltd. now owns 17,047 shares of the semiconductor company’s stock worth $12,904,000 after acquiring an additional 5,110 shares during the period. Choreo LLC acquired a new position in shares of ASML in the fourth quarter valued at $351,000. Savant Capital LLC raised its position in shares of ASML by 16.7% in the fourth quarter. Savant Capital LLC now owns 516 shares of the semiconductor company’s stock valued at $390,000 after purchasing an additional 74 shares during the period. Victory Capital Management Inc. lifted its stake in shares of ASML by 0.5% during the 4th quarter. Victory Capital Management Inc. now owns 40,750 shares of the semiconductor company’s stock worth $30,844,000 after buying an additional 195 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of ASML by 7.2% during the 4th quarter. First Horizon Advisors Inc. now owns 269 shares of the semiconductor company’s stock worth $204,000 after buying an additional 18 shares during the period. Institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASML shares. Susquehanna raised their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the stock a “positive” rating in a research report on Thursday, July 11th. Barclays raised ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Finally, Wells Fargo & Company lifted their target price on ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ASML presently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Price Performance

Shares of NASDAQ:ASML traded up $16.16 during midday trading on Friday, hitting $903.87. The stock had a trading volume of 991,244 shares, compared to its average volume of 1,353,936. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $356.66 billion, a P/E ratio of 46.16, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. The company’s 50-day moving average price is $945.48 and its 200-day moving average price is $954.39. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,110.09.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6 billion. During the same quarter in the previous year, the firm earned $5.37 EPS. ASML’s revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts predict that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a dividend yield of 0.83%. ASML’s payout ratio is 28.55%.

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.