Gilman Hill Asset Management LLC Sells 15 Shares of ASML Holding (NASDAQ:ASML)

Gilman Hill Asset Management LLC reduced its position in shares of ASML Holding (NASDAQ:ASML) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 250 shares of the semiconductor company’s stock after selling 15 shares during the period. Gilman Hill Asset Management LLC’s holdings in ASML were worth $243,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of ASML in the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV increased its holdings in ASML by 48.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 46 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 15 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of ASML in the fourth quarter valued at approximately $44,000. Bruce G. Allen Investments LLC bought a new position in shares of ASML in the fourth quarter valued at approximately $49,000. Finally, Adirondack Trust Co. grew its holdings in ASML by 120.0% during the fourth quarter. Adirondack Trust Co. now owns 66 shares of the semiconductor company’s stock worth $50,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Stock Up 2.1 %

ASML stock opened at $1,023.34 on Wednesday. The stock has a fifty day moving average of $956.18 and a 200-day moving average of $902.70. ASML Holding has a fifty-two week low of $563.99 and a fifty-two week high of $1,077.22. The company has a market capitalization of $403.80 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 2.19 and a beta of 1.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 1.54.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, April 17th. The semiconductor company reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.54. ASML had a net margin of 27.23% and a return on equity of 56.99%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. As a group, equities research analysts predict that ASML Holding will post 20.12 earnings per share for the current year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Monday, April 29th were issued a dividend of $1.343 per share. This represents a $5.37 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s payout ratio is presently 32.53%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI assumed coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein decreased their price objective on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,043.00.

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.