Connecticut Wealth Management LLC Cuts Stock Position in ASML Holding (NASDAQ:ASML)

Connecticut Wealth Management LLC lessened its stake in ASML Holding (NASDAQ:ASML) by 2.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 586 shares of the semiconductor company’s stock after selling 15 shares during the quarter. Connecticut Wealth Management LLC’s holdings in ASML were worth $444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of ASML by 3.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 31,708 shares of the semiconductor company’s stock worth $18,665,000 after buying an additional 966 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ASML by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 226,483 shares of the semiconductor company’s stock worth $133,321,000 after buying an additional 7,966 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of ASML by 8.5% during the third quarter. Verdence Capital Advisors LLC now owns 1,577 shares of the semiconductor company’s stock worth $928,000 after buying an additional 123 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of ASML by 13.0% during the third quarter. Brighton Jones LLC now owns 436 shares of the semiconductor company’s stock worth $257,000 after buying an additional 50 shares in the last quarter. Finally, Paul Damon & Associates Inc. grew its holdings in shares of ASML by 66.0% during the third quarter. Paul Damon & Associates Inc. now owns 629 shares of the semiconductor company’s stock worth $370,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Trading Up 1.8 %

ASML stock traded up $15.87 during mid-day trading on Monday, hitting $917.50. 355,275 shares of the company were exchanged, compared to its average volume of 1,214,984. The company has a quick ratio of 0.88, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $362.04 billion, a P/E ratio of 46.60, a PEG ratio of 2.25 and a beta of 1.49. The business has a fifty day simple moving average of $951.12 and a 200-day simple moving average of $817.16. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,056.34.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th will be paid a dividend of $1.343 per share. This represents a $5.37 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio (DPR) is presently 32.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ASML shares. HSBC began coverage on shares of ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Cantor Fitzgerald began coverage on shares of ASML in a research report on Tuesday, January 23rd. They set an “overweight” rating on the stock. Susquehanna boosted their price target on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Redburn Atlantic raised shares of ASML from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Sanford C. Bernstein lowered their price target on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

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.