Rhumbline Advisers Cuts Stake in ASML Holding (NASDAQ:ASML)

Rhumbline Advisers lessened its holdings in shares of ASML Holding (NASDAQ:ASML) by 9.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,460 shares of the semiconductor company’s stock after selling 775 shares during the quarter. Rhumbline Advisers’ holdings in ASML were worth $5,170,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. increased its stake in shares of ASML by 4.8% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 305 shares of the semiconductor company’s stock worth $211,000 after purchasing an additional 14 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in ASML by 0.4% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,208 shares of the semiconductor company’s stock valued at $2,223,000 after buying an additional 14 shares in the last quarter. Trust Point Inc. boosted its holdings in ASML by 2.4% in the 4th quarter. Trust Point Inc. now owns 606 shares of the semiconductor company’s stock worth $420,000 after buying an additional 14 shares during the last quarter. Farther Finance Advisors LLC increased its stake in ASML by 1.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 922 shares of the semiconductor company’s stock worth $768,000 after buying an additional 15 shares in the last quarter. Finally, Family Capital Management Inc. raised its holdings in shares of ASML by 1.7% during the third quarter. Family Capital Management Inc. now owns 909 shares of the semiconductor company’s stock valued at $757,000 after acquiring an additional 15 shares during the last quarter. Institutional investors and hedge funds own 26.07% of the company’s stock.

ASML Trading Down 6.6 %

Shares of ASML opened at $697.70 on Friday. ASML Holding has a 12-month low of $645.45 and a 12-month high of $1,110.09. The firm has a market capitalization of $274.49 billion, a P/E ratio of 33.54, a P/E/G ratio of 1.62 and a beta of 1.47. The firm has a 50-day moving average price of $733.09 and a 200 day moving average price of $755.88. The company has a current ratio of 1.53, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20.

ASML (NASDAQ:ASML) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $7.30 earnings per share for the quarter, missing the consensus estimate of $7.67 by ($0.37). ASML had a net margin of 26.78% and a return on equity of 47.73%. Sell-side analysts forecast that ASML Holding will post 25.17 EPS for the current year.

ASML Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, February 19th. Investors of record on Tuesday, February 11th were given a $1.5855 dividend. This is a positive change from ASML’s previous dividend of $1.08. The ex-dividend date of this dividend was Tuesday, February 11th. ASML’s dividend payout ratio is presently 31.35%.

Analysts Set New Price Targets

ASML has been the subject of several research reports. BNP Paribas initiated coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Sanford C. Bernstein dropped their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a report on Friday, November 29th. JPMorgan Chase & Co. decreased their price target on shares of ASML from $1,148.00 to $1,100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. DZ Bank raised shares of ASML from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company increased their price objective on shares of ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $937.00.

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.