EverSource Wealth Advisors LLC Cuts Position in ASML Holding N.V. $ASML

EverSource Wealth Advisors LLC trimmed its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,674 shares of the semiconductor company’s stock after selling 567 shares during the period. EverSource Wealth Advisors LLC’s holdings in ASML were worth $9,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ASML. Daymark Wealth Partners LLC raised its position in shares of ASML by 25.3% in the 2nd quarter. Daymark Wealth Partners LLC now owns 4,664 shares of the semiconductor company’s stock worth $3,738,000 after acquiring an additional 941 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in ASML by 6.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,899 shares of the semiconductor company’s stock valued at $15,153,000 after purchasing an additional 1,225 shares during the last quarter. Acadian Asset Management LLC raised its holdings in ASML by 97.6% in the first quarter. Acadian Asset Management LLC now owns 153,939 shares of the semiconductor company’s stock worth $101,978,000 after purchasing an additional 76,023 shares in the last quarter. Prospera Financial Services Inc raised its holdings in ASML by 115.9% in the second quarter. Prospera Financial Services Inc now owns 5,144 shares of the semiconductor company’s stock worth $4,125,000 after purchasing an additional 2,761 shares in the last quarter. Finally, Soltis Investment Advisors LLC lifted its position in shares of ASML by 67.9% during the second quarter. Soltis Investment Advisors LLC now owns 4,199 shares of the semiconductor company’s stock valued at $3,365,000 after buying an additional 1,698 shares during the last quarter. 26.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASML. Hsbc Global Res raised shares of ASML to a “strong-buy” rating in a research report on Monday, October 6th. Susquehanna lifted their price target on shares of ASML from $965.00 to $1,150.00 and gave the stock a “positive” rating in a report on Friday, October 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of ASML in a report on Friday, October 10th. Zacks Research upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a research report on Thursday, October 16th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and an average price target of $1,171.83.

ASML Stock Performance

Shares of ASML stock opened at $1,140.92 on Thursday. The business has a fifty day moving average of $1,022.60 and a 200 day moving average of $858.81. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,141.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.70. The firm has a market capitalization of $448.71 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 1.80 and a beta of 1.87.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, beating 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 business had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the business earned $5.28 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts expect that ASML Holding N.V. will post 25.17 earnings per share for the current year.

ASML Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Wednesday, October 29th were issued a $1.857 dividend. This is a boost from ASML’s previous quarterly dividend of $1.86. The ex-dividend date was Wednesday, October 29th. This represents a $7.43 annualized dividend and a yield of 0.7%. ASML’s dividend payout ratio is currently 25.76%.

ASML Company 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.