SVB Wealth LLC Has $359,000 Stock Holdings in ASML Holding N.V. $ASML

SVB Wealth LLC lessened its holdings in ASML Holding N.V. (NASDAQ:ASML) by 53.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 448 shares of the semiconductor company’s stock after selling 508 shares during the quarter. SVB Wealth LLC’s holdings in ASML were worth $359,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ASML. Princeton Global Asset Management LLC boosted its position in ASML by 153.8% in the second quarter. Princeton Global Asset Management LLC now owns 33 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 20 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of ASML in the 2nd quarter valued at about $30,000. Washington Trust Advisors Inc. boosted its holdings in ASML by 129.4% in the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 22 shares during the last quarter. Maseco LLP acquired a new stake in shares of ASML during the second quarter worth $32,000. Finally, Knuff & Co LLC acquired a new stake in ASML during the 1st quarter worth about $33,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASML has been the subject of several recent analyst reports. HSBC reaffirmed a “buy” rating on shares of ASML in a research report on Friday, October 17th. Evercore ISI reissued an “outperform” rating on shares of ASML in a report on Thursday, October 16th. Morgan Stanley upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Monday, September 22nd. Arete Research raised ASML to a “strong-buy” rating in a research report on Friday, September 12th. Finally, Susquehanna lifted their price objective on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ASML has an average rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Stock Up 0.7%

ASML opened at $1,119.32 on Thursday. ASML Holding N.V. has a 12 month low of $578.51 and a 12 month high of $1,141.72. The company has a market cap of $440.21 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 1.72 and a beta of 1.87. The company has a current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $1,037.10 and a 200 day moving average of $871.75.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $0.14. ASML had a return on equity of 47.74% and a net margin of 27.08%.The firm had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the business posted $5.28 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect that ASML Holding N.V. will post 25.17 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Wednesday, October 29th were paid a $1.857 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. This is an increase from ASML’s previous quarterly dividend of $1.86. ASML’s dividend payout ratio is 25.80%.

About ASML

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.