Raab & Moskowitz Asset Management LLC Sells 82 Shares of ASML Holding (NASDAQ:ASML)

Raab & Moskowitz Asset Management LLC reduced its holdings in ASML Holding (NASDAQ:ASML) by 12.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 604 shares of the semiconductor company’s stock after selling 82 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in ASML were worth $618,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ASML. American Capital Advisory LLC acquired a new stake in ASML in the first quarter valued at $26,000. Resources Management Corp CT ADV bought a new stake in shares of ASML in the 2nd quarter valued at about $26,000. WD Rutherford LLC bought a new stake in shares of ASML in the 1st quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new stake in shares of ASML in the second quarter valued at about $31,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of ASML during the fourth quarter worth about $34,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

ASML has been the topic of several analyst reports. Susquehanna upped their target price on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a report on Thursday, July 11th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Barclays raised shares of ASML from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research report on Monday, June 17th. Finally, UBS Group downgraded ASML from a “buy” rating to a “neutral” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Trading Down 1.3 %

ASML opened at $841.54 on Friday. The company has a fifty day moving average price of $855.83 and a two-hundred day moving average price of $933.98. ASML Holding has a 1-year low of $563.99 and a 1-year high of $1,110.09. The company has a market cap of $331.08 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 1.97 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.

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

ASML Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, July 29th. ASML’s dividend payout ratio (DPR) is currently 28.55%.

ASML 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.