Beacon Pointe Advisors LLC Trims Position in ASML Holding N.V. $ASML

Beacon Pointe Advisors LLC decreased its holdings in shares of ASML Holding N.V. (NASDAQ:ASML) by 73.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,708 shares of the semiconductor company’s stock after selling 4,787 shares during the period. Beacon Pointe Advisors LLC’s holdings in ASML were worth $1,369,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ASML. Wellspring Financial Advisors LLC acquired a new stake in ASML during the 2nd quarter worth approximately $249,000. Quantbot Technologies LP raised its stake in shares of ASML by 42.7% during the second quarter. Quantbot Technologies LP now owns 8,157 shares of the semiconductor company’s stock worth $6,537,000 after purchasing an additional 2,439 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of ASML by 3.0% during the second quarter. M&T Bank Corp now owns 17,682 shares of the semiconductor company’s stock worth $14,170,000 after purchasing an additional 516 shares during the period. Boston Family Office LLC grew its position in ASML by 5.6% in the 2nd quarter. Boston Family Office LLC now owns 7,856 shares of the semiconductor company’s stock valued at $6,295,000 after buying an additional 417 shares during the last quarter. Finally, Solidarity Wealth LLC increased its stake in ASML by 37.2% in the 2nd quarter. Solidarity Wealth LLC now owns 13,909 shares of the semiconductor company’s stock valued at $11,147,000 after buying an additional 3,770 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Price Performance

ASML stock opened at $1,099.47 on Friday. The firm has a 50 day moving average of $1,028.77 and a 200-day moving average of $862.98. 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 current ratio of 1.31, a quick ratio of 0.70 and a debt-to-equity ratio of 0.14. The company has a market cap of $432.40 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.72 and a beta of 1.87.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Wednesday, October 15th. The semiconductor company reported $6.41 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm posted $5.28 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that ASML Holding N.V. will post 25.17 EPS for the current fiscal year.

ASML Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on ASML shares. Bank Degroof cut shares of ASML to a “hold” rating in a research note on Friday, October 10th. DZ Bank restated a “neutral” rating on shares of ASML in a research report on Wednesday, October 15th. Barclays reiterated a “neutral” rating on shares of ASML in a research report on Wednesday, November 26th. Morningstar cut ASML to a “hold” rating in a report on Thursday, September 18th. Finally, Citigroup restated a “buy” rating on shares of ASML in a research note on Tuesday, October 7th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,171.83.

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.