Legacy Wealth Asset Management LLC Has $2.63 Million Stock Holdings in ASML Holding (NASDAQ:ASML)

Legacy Wealth Asset Management LLC trimmed its position in ASML Holding (NASDAQ:ASML) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,714 shares of the semiconductor company’s stock after selling 117 shares during the quarter. ASML comprises approximately 0.7% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 19th largest position. Legacy Wealth Asset Management LLC’s holdings in ASML were worth $2,634,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ASML. International Assets Investment Management LLC boosted its position in shares of ASML by 48,040.7% in the fourth quarter. International Assets Investment Management LLC now owns 245,999 shares of the semiconductor company’s stock valued at $186,202,000 after acquiring an additional 245,488 shares during the period. Wellington Management Group LLP boosted its holdings in ASML by 35.6% in the 4th quarter. Wellington Management Group LLP now owns 776,768 shares of the semiconductor company’s stock valued at $587,951,000 after purchasing an additional 203,860 shares during the period. Kodai Capital Management LP acquired a new stake in ASML in the 4th quarter worth $150,318,000. Jennison Associates LLC increased its holdings in shares of ASML by 15.3% during the 4th quarter. Jennison Associates LLC now owns 1,146,157 shares of the semiconductor company’s stock worth $867,549,000 after purchasing an additional 151,844 shares during the period. Finally, Sands Capital Management LLC raised its position in shares of ASML by 8.1% during the fourth quarter. Sands Capital Management LLC now owns 1,617,083 shares of the semiconductor company’s stock valued at $1,224,002,000 after buying an additional 121,847 shares during the last quarter. 26.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ASML has been the topic of several research reports. Sanford C. Bernstein lowered their price target on ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Wells Fargo & Company boosted their price objective on 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, Evercore ISI initiated coverage on ASML in a research report on Tuesday, April 16th. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ASML currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,043.00.

ASML Price Performance

Shares of ASML traded up $23.52 on Thursday, hitting $1,071.41. The company’s stock had a trading volume of 779,820 shares, compared to its average volume of 1,018,812. The company has a market capitalization of $422.77 billion, a PE ratio of 54.72, a PEG ratio of 2.22 and a beta of 1.49. 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 50 day moving average price of $974.14 and a 200 day moving average price of $914.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.54 and a quick ratio of 0.88.

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

ASML Cuts Dividend

The business also recently disclosed 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 0.50%. The ex-dividend date of this dividend was Friday, April 26th. ASML’s dividend payout ratio is currently 32.53%.

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.