GRIMES & Co WEALTH MANAGEMENT LLC Sells 1,705 Shares of ASML Holding N.V. $ASML

GRIMES & Co WEALTH MANAGEMENT LLC lowered its position in shares of ASML Holding N.V. (NASDAQ:ASML) by 10.5% in the third quarter, HoldingsChannel reports. The fund owned 14,471 shares of the semiconductor company’s stock after selling 1,705 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in ASML were worth $14,009,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capstone Wealth Management Group LLC boosted its stake in shares of ASML by 5.2% in the 1st quarter. Capstone Wealth Management Group LLC now owns 2,511 shares of the semiconductor company’s stock valued at $1,664,000 after purchasing an additional 124 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of ASML by 141.1% during the first quarter. AQR Capital Management LLC now owns 6,871 shares of the semiconductor company’s stock worth $4,553,000 after buying an additional 4,021 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in ASML by 153.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,210 shares of the semiconductor company’s stock valued at $11,404,000 after buying an additional 10,411 shares during the period. Integrity Alliance LLC. bought a new position in ASML in the first quarter valued at approximately $212,000. Finally, First Hawaiian Bank grew its holdings in ASML by 27.1% during the 1st quarter. First Hawaiian Bank now owns 1,288 shares of the semiconductor company’s stock worth $853,000 after acquiring an additional 275 shares during the period. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Erste Group Bank raised ASML from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Redburn Partners set a $1,200.00 target price on ASML in a research note on Friday, November 7th. Morningstar lowered ASML to a “hold” rating in a research report on Thursday, September 18th. Evercore ISI reiterated an “outperform” rating on shares of ASML in a research report on Thursday, October 16th. Finally, Rothschild & Co Redburn raised shares of ASML from a “neutral” rating to a “buy” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, ASML has an average rating of “Moderate Buy” and a consensus price target of $1,270.67.

ASML Stock Up 0.6%

Shares of ASML stock opened at $1,281.23 on Tuesday. The company has a market capitalization of $503.88 billion, a P/E ratio of 52.15, a price-to-earnings-growth ratio of 1.89 and a beta of 1.86. 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 business has a 50-day moving average of $1,079.37 and a two-hundred day moving average of $929.48. ASML Holding N.V. has a 1 year low of $578.51 and a 1 year high of $1,283.56.

ASML (NASDAQ:ASML) last released its quarterly earnings data 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 analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the business posted $5.28 EPS. ASML’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that ASML Holding N.V. will post 25.17 EPS 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 positive change from ASML’s previous quarterly dividend of $1.86. This represents a $7.43 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Wednesday, October 29th. ASML’s payout ratio is currently 25.80%.

About ASML

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.