ASML Holding N.V. $ASML Shares Sold by Midwest Trust Co

Midwest Trust Co trimmed its stake in ASML Holding N.V. (NASDAQ:ASML) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,244 shares of the semiconductor company’s stock after selling 704 shares during the period. Midwest Trust Co’s holdings in ASML were worth $40,274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cornerstone Financial Management LLC purchased a new position in shares of ASML during the 4th quarter worth approximately $26,000. Binnacle Investments Inc raised its position in ASML by 78.9% in the second quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 15 shares during the period. Resources Management Corp CT ADV raised its position in ASML by 1,150.0% in the fourth quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. North Star Investment Management Corp. lifted its stake in ASML by 68.8% during the fourth quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new position in ASML during the fourth quarter worth $30,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Performance

NASDAQ:ASML opened at $1,844.45 on Monday. The company 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 market cap of $725.39 billion, a price-to-earnings ratio of 57.39, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09. ASML Holding N.V. has a 52 week low of $716.20 and a 52 week high of $1,999.96.

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

ASML Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company raised 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. Wall Street Zen lowered ASML from a “buy” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group reissued a “neutral” rating on shares of ASML in a research note on Monday, June 1st. Morgan Stanley restated an “overweight” rating on shares of ASML in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada lifted their target price on ASML from $1,700.00 to $2,000.00 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, ASML presently has a consensus 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.