Mount Yale Investment Advisors LLC Lowers Position in ASML Holding (NASDAQ:ASML)

Mount Yale Investment Advisors LLC lessened its stake in ASML Holding (NASDAQ:ASML) by 38.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,250 shares of the semiconductor company’s stock after selling 1,997 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ASML were worth $3,324,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Mercer Global Advisors Inc. ADV lifted its position in shares of ASML by 4,379.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 889,875 shares of the semiconductor company’s stock valued at $910,102,000 after buying an additional 870,010 shares in the last quarter. Jennison Associates LLC lifted its position in shares of ASML by 50.0% during the 1st quarter. Jennison Associates LLC now owns 1,719,153 shares of the semiconductor company’s stock valued at $1,668,386,000 after buying an additional 572,996 shares in the last quarter. Fayez Sarofim & Co purchased a new position in shares of ASML during the 1st quarter valued at approximately $542,710,000. GQG Partners LLC lifted its position in shares of ASML by 21.6% during the 1st quarter. GQG Partners LLC now owns 1,657,878 shares of the semiconductor company’s stock valued at $1,608,921,000 after buying an additional 294,784 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of ASML by 11,084.1% during the 1st quarter. 1832 Asset Management L.P. now owns 246,050 shares of the semiconductor company’s stock valued at $238,784,000 after buying an additional 243,850 shares in the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group lowered ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Barclays upgraded ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their price objective on ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. JPMorgan Chase & Co. raised their price objective on ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Finally, Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,147.80.

ASML Stock Down 4.0 %

Shares of NASDAQ:ASML opened at $795.28 on Friday. The company has a market capitalization of $313.81 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.96 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $870.91 and a 200 day moving average price of $939.66. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.87 by $0.14. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6 billion. During the same quarter in the previous year, the company posted $5.37 earnings per share. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Sell-side analysts expect that ASML Holding will post 20.38 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $1.8732 per share. This represents a $7.49 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, July 29th. This is a positive change from ASML’s previous quarterly dividend of $1.34. ASML’s dividend payout ratio is currently 28.50%.

About ASML

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.