KG&L Capital Management LLC Sells 2,015 Shares of ASML Holding N.V. $ASML

KG&L Capital Management LLC lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 32.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,164 shares of the semiconductor company’s stock after selling 2,015 shares during the period. ASML comprises about 1.1% of KG&L Capital Management LLC’s portfolio, making the stock its 21st biggest position. KG&L Capital Management LLC’s holdings in ASML were worth $4,031,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ASML. Princeton Global Asset Management LLC raised its holdings in ASML by 153.8% in the 2nd 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 during the last quarter. City Holding Co. acquired a new position in ASML in the 3rd quarter valued at approximately $26,000. Binnacle Investments Inc raised its stake in shares of ASML by 78.9% during the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 15 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of ASML during the second quarter valued at $30,000. Finally, Washington Trust Advisors Inc. lifted its holdings in shares of ASML by 129.4% during the second quarter. Washington Trust Advisors Inc. now owns 39 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 22 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Price Performance

ASML stock opened at $1,163.78 on Monday. The stock’s 50 day moving average price is $1,058.10 and its two-hundred day moving average price is $910.30. The stock has a market capitalization of $457.69 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 1.74 and a beta of 1.86. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.70 and a current ratio of 1.31. ASML Holding N.V. has a 52-week low of $578.51 and a 52-week high of $1,172.77.

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

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Wednesday, October 29th were given a dividend of $1.857 per share. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $7.43 dividend on an annualized basis and a dividend yield of 0.6%. ASML’s payout ratio is currently 25.80%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Redburn Partners set a $1,200.00 target price on ASML in a research report on Friday, November 7th. Rothschild Redb upgraded ASML from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Weiss Ratings raised ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. DZ Bank reissued a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of ASML from $1,175.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,270.67.

ASML Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.