Moran Wealth Management LLC Trims Stake in ASML Holding N.V. $ASML

Moran Wealth Management LLC lowered its position in ASML Holding N.V. (NASDAQ:ASML) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,844 shares of the semiconductor company’s stock after selling 376 shares during the period. Moran Wealth Management LLC’s holdings in ASML were worth $9,637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASML. Boston Common Asset Management LLC bought a new stake in shares of ASML during the 1st quarter valued at $4,355,000. Cambridge Investment Research Advisors Inc. grew its position in shares of ASML by 3.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,467 shares of the semiconductor company’s stock worth $24,036,000 after buying an additional 760 shares during the period. Keudell Morrison Wealth Management bought a new position in shares of ASML in the 4th quarter worth about $1,402,000. Keybank National Association OH increased its stake in shares of ASML by 21.3% in the 4th quarter. Keybank National Association OH now owns 65,354 shares of the semiconductor company’s stock worth $69,920,000 after acquiring an additional 11,459 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in ASML by 507.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,695 shares of the semiconductor company’s stock valued at $2,883,000 after acquiring an additional 2,251 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

ASML Stock Up 0.0%

ASML stock opened at $1,844.45 on Monday. ASML Holding N.V. has a 12 month low of $716.20 and a 12 month high of $1,999.96. The stock has a fifty day simple moving average of $1,781.65 and a two-hundred day simple moving average of $1,568.23. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.09. The firm has a market cap of $725.39 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 0.92 and a beta of 1.79.

ASML (NASDAQ:ASML) last announced its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 earnings per share (EPS) for the quarter. ASML had a return on equity of 52.71% and a net margin of 30.11%.The firm had revenue of $10.64 billion for the quarter. Equities analysts predict that ASML Holding N.V. will post 44.85 EPS for the current fiscal year.

ASML Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Tuesday, July 28th were given a $2.1507 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $8.60 dividend on an annualized basis and a yield of 0.5%. ASML’s payout ratio is 22.62%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ASML shares. Royal Bank Of Canada upped their price objective on shares of ASML from $1,700.00 to $2,000.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Wells Fargo & Company boosted their price target on ASML from $2,200.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays restated an “overweight” rating on shares of ASML in a research note on Thursday, July 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded ASML from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,970.33.

ASML Company 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.