Thompson Investment Management Inc. Trims Position in ASML Holding (NASDAQ:ASML)

Thompson Investment Management Inc. decreased its position in shares of ASML Holding (NASDAQ:ASML) by 36.6% during the second quarter, Holdings Channel reports. The institutional investor owned 45 shares of the semiconductor company’s stock after selling 26 shares during the period. Thompson Investment Management Inc.’s holdings in ASML were worth $46,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Stokes Family Office LLC lifted its holdings in shares of ASML by 5.6% in the second quarter. Stokes Family Office LLC now owns 393 shares of the semiconductor company’s stock worth $402,000 after buying an additional 21 shares in the last quarter. HBW Advisory Services LLC purchased a new stake in ASML in the 2nd quarter worth $407,000. First Hawaiian Bank boosted its holdings in shares of ASML by 86.7% during the 2nd quarter. First Hawaiian Bank now owns 2,009 shares of the semiconductor company’s stock valued at $2,055,000 after purchasing an additional 933 shares during the last quarter. GAMMA Investing LLC grew its position in shares of ASML by 85.8% during the second quarter. GAMMA Investing LLC now owns 1,620 shares of the semiconductor company’s stock valued at $1,657,000 after purchasing an additional 748 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. bought a new position in ASML during the second quarter valued at approximately $423,000. Institutional investors own 26.07% of the company’s stock.

ASML Trading Up 2.8 %

Shares of NASDAQ ASML traded up $22.66 during midday trading on Tuesday, hitting $843.01. The company’s stock had a trading volume of 1,994,272 shares, compared to its average volume of 1,235,062. The business’s 50 day moving average is $994.84 and its two-hundred day moving average is $952.54. ASML Holding has a 12-month low of $563.99 and a 12-month high of $1,110.09. 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 firm has a market cap of $332.64 billion, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.49.

ASML (NASDAQ:ASML) last released its earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6 billion. ASML had a return on equity of 49.93% and a net margin of 26.50%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the company earned $5.37 earnings per share. As a group, equities research analysts expect that ASML Holding will post 20.3 EPS for the current year.

ASML Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th will be given a dividend of $1.8732 per share. The ex-dividend date is Monday, July 29th. This is a positive change 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%. ASML’s dividend payout ratio (DPR) is 28.50%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ASML shares. JPMorgan Chase & Co. upped their price objective on ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a report on Thursday, July 18th. Susquehanna increased their price objective on shares of ASML from $1,200.00 to $1,300.00 and gave the company a “positive” rating in a research report on Thursday, July 11th. Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 30th. Wells Fargo & Company increased their price target on shares of ASML from $1,150.00 to $1,185.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Finally, Evercore ISI began coverage on ASML in a research note on Tuesday, April 16th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.