ASML Holding (NASDAQ:ASML) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lessened its position in shares of ASML Holding (NASDAQ:ASML) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,953 shares of the semiconductor company’s stock after selling 150 shares during the period. Highland Capital Management LLC’s holdings in ASML were worth $1,997,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in ASML by 22.1% in the fourth quarter. CWM LLC now owns 1,975 shares of the semiconductor company’s stock worth $1,495,000 after purchasing an additional 357 shares during the period. Yousif Capital Management LLC increased its holdings in shares of ASML by 7.3% in the fourth quarter. Yousif Capital Management LLC now owns 7,139 shares of the semiconductor company’s stock valued at $5,404,000 after buying an additional 485 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of ASML by 9.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 6,763 shares of the semiconductor company’s stock valued at $5,119,000 after purchasing an additional 580 shares during the period. K.J. Harrison & Partners Inc purchased a new position in ASML in the 4th quarter worth about $492,000. Finally, Kovack Advisors Inc. raised its holdings in ASML by 9.2% during the 4th quarter. Kovack Advisors Inc. now owns 678 shares of the semiconductor company’s stock worth $514,000 after buying an additional 57 shares during the period. Institutional investors own 26.07% of the company’s stock.

ASML Stock Down 0.6 %

Shares of NASDAQ:ASML traded down $5.74 during trading on Monday, hitting $901.52. 103,923 shares of the company’s stock traded hands, compared to its average volume of 1,220,825. The company has a market cap of $355.73 billion, a price-to-earnings ratio of 46.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49. ASML Holding has a 52 week low of $563.99 and a 52 week high of $1,110.09. The company has a 50-day moving average price of $961.67 and a 200-day moving average price of $955.84. 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 posted its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.87 by $0.14. The business had revenue of $6.24 billion for 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 firm earned $5.37 EPS. As a group, research analysts forecast that ASML Holding will post 20.3 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $1.8732 per share. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 annualized dividend and a yield of 0.83%. ASML’s dividend payout ratio is presently 28.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on ASML shares. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Susquehanna raised their price objective on ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of ASML from $1,172.00 to $1,202.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ASML has a consensus rating of “Moderate Buy” and an average target price of $1,147.80.

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.